Silver Lake, Warburg Pincus Buy Interactive Data

Financial market data provider Interactive Data Corp. has agreed to be acquired by Silver Lake and Warburg Pincus for $3.4 billion.

Interactive Data said its stockholders will get $33.86 per share as part of the deal, which is nearly 33 percent higher than its Jan. 14 close when the company announced a review of strategic alternatives.

“This acquisition aligns well with our financial technology and information theses,” Jim Neary, Warburg Pincus’ Managing Director said in a statement.

Interactive Data said it expects the deal to close at the end of the third quarter. The Bedford, Massachusetts-based company also said its senior management team will remain intact and that it expects to continue expanding its workforce.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio