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Dow Jones Sells One-Third Interest in Stoxx

Dow Jones Sells One-Third Interest in Stoxx

Deutsche Boerse and SIX Group will each own 50% of Stoxx with Deutsche Boerse holding a one-share majority once the deal closes.

Deutsche Boerse and SIX Group will each own 50% of Stoxx with Deutsche Boerse holding a one-share majority once the deal closes.

NEW YORK (

TheStreet

) --

Dow Jones

, a unit of

News Corp.

(NWS) - Get Free Report

has reached an agreement to sell its one-third interest in index provider Stoxx Ltd. and provide certain intellectual-property rights to its joint-venture partners for 206.1 million euros ($308.6 million).

Dow Jones could receive a further 29 million euros depending on future business performance, the company said in a statement Thursday.

Deutsche Boerse

and

SIX Group

will each own 50% of Stoxx with Deutsche Boerse holding a one-share majority once the deal closes.

"This is the result of a strategic evaluation of Dow Jones' index businesses and represents an opportunity to realize significant value on an investment made in Stoxx just over a decade ago," said Les Hinton, Dow Jones CEO.

The transaction is expected to close by the end of first quarter of 2010.

-- Reported by Joseph Woelfel in New York

.

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