Deutsche Boerse buys Market News International

German stock exchange operator Deutsche Boerse will pay $10 million to acquire U.S.-based financial news agency Market News International from China's Xinhua Finance

The deal was set to close by the end of January 2009 subject to approval of the German competition commission, it added.

It said the acquisition would expand its real-time information offerings for financial markets.

Market News International has a staff of 85 employees at 12 locations in Europe, Asia and the United States, it said.