Last updateFri, 24 Mar 2017 12pm


Google funds Bloomberg’s rival Symphony

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Google discusses possible collaboration with messaging start-up Symphony Communication Services but no terms are finalised yet, as reported by The Telegraph.

According to the Wall Street Journal, Google’s new round of funding for Symphony would enable the company’s value to rise to around $650m (£424m).

Just as its rivals, Bloomberg and Thomson Reuters, Symphony works as a centralised platform and facilitates digital communication amongst financial firms, corporate customers and individuals. It is available to users for $15 (£9) per month.

Goldman Sachs and 14 other Wall Street banks use the platform, as well as McGraw Hill Financial and News Corp-Dow Jones. 

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