ETF.com, which provides news, analysis and education on exchange traded funds, sold its media business to U.S. exchange operator Bats Global Markets, the website announced this week.
The deal includes the flagship website and the print publication ETF Report. The business will become an independent subsidiary of Bats. David Lichtblau will continue to serve as CEO, and employees affiliated with the website will stay on as well. Terms of the deal, expected to close this Friday, were not disclosed.
The company’s conferences business, which includes the annual Inside ETFs conference, will remain with Informa, which purchased it earlier this year. Inside ETFs is the largest conference for ETF investors, drawing some 1,700 attendees to this year’s conference.
FactSet Research Systems bought ETF.com’s data and analytics business last year.
Matt Hougan, president of ETF.com, was one of WealthManagement.com’s Ten to Watch in 2012.
