CNBC Sells Stake in Archipelago
Traders Magazine, September 2003
CNBC, the financial cable news organization, has sold its 4.85 percent stake in Archipelago. The stake was valued by CNBC sources at between $10 million and $12 million. It was sold to Archipelago shareholders, who had the first right to buy it. Another suitor, the Toronto Stock Exchange had been interested in buying the stake, sources said. A CNBC spokesman declined comment. However, Archipelago officials said the sale worked out for them.
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