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Fitch Ratings

Hearst Pays $427 Million For 20 Percent More Stake in Fitch

Jul 26, 2009 5:50 PM

Hearst Corp, which is still hammered on the newspaper side, is continuing its diversification efforts. It has bought another 20 percent stake in the NYC and London-based credit-ratings firm Fitch Group for about $427 million (Euro $300 million), raising its total stake to 40 percent. In 2006, it paid $600…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Hearst, fitch ratings

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