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Dialog Sells Its Information Services DivisionDialog, an electronic information-service provider to libraries and other organizations, has sold its Information Services Division (ISD) to the Thomson Corporation for $275 million. Under a restructuring agreement, the remaining divisions will become part of a new Dialog-Thomson venture called Bright Station, which will focus on Web and e-commerce products. Dialog, which has corporate offices in London and in Cary, North Carolina, has been underperforming since its acquisition of Knight-Ridder Information in 1997. Thomson, a multinational newspaper and e-commerce firm, was quoted in a March 23 Dialog press release as saying it will retain the ISD’s current structure, product lines, prices, and staff, and that the transition will be “virtually seamless” for customers. Posted March 27, 2000. |
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