Symphony, the messaging tool backed by some of Wall Street’s biggest banks, has struck a deal with Dow Jones to offer news content in its service, a move that raises the stakes in its battle with Bloomberg, the market leader.
The content deal — likely to be unveiled this week — pits Dow Jones, part of Rupert Murdoch’s News Corp, against Michael Bloomberg’s eponymous company, the world’s largest financial information group.
All of Dow Jones’s newswire articles — including journalism produced by the Wall Street Journal newspaper — will be available on Symphony’s nascent service, according to people familiar with the situation. Dow Jones and Symphony declined to comment.
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