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FXCM Signs Agreement to Sell News and Research Website DailyFX for $40 Million
FXCM Inc. (NASDAQ:FXCM) ("FXCM"), a leading online provider of foreign exchange (FX) trading and related services, today announced that it has agreed to sell DailyFX, its news and research website to IG Group ("IG"), a global leader in online trading, for a price of $40 million. Subject to IG final approval and customary closing conditions, the transaction is expected to close by the end of October. Upon completion, IG will receive the entire DailyFX business including all international and domestic web domains, source code and content. 34 employees currently working on DailyFX domains will also transfer to IG in ... (full story)
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