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Hearst Buys Rest Of Fitch For $2.8 Billion

by TVNewsCheck

Hearst has agreed to pay $2.8 billion to buy out its French partner in credit rating services company Fitch Group, increasing its focus on credit ratings and other financial information services. The all-cash purchase, for which Hearst has not had to raise new financing, makes Fitch Hearst’s largest wholly-owned business.