newsbytes@clarinet.com (02/04/90)
TORONTO, ONTARIO, CANADA, 1990 JAN 31 (NB) -- Mead Corp. wants to sell Dataline, a provider of financial information here which its Mead Data Central subsidiary acquired in 1987. Dataline's principal product is CanQuote, a real-time stock, options and futures quotation service. Mead Data Central's major products are the Lexis and Nexis online databases. The company said it acquired Dataline to get access to the Toronto firm's real-time access technology for Lexis and Nexis. Having used that technology to upgrade its own services, Mead now believes selling Dataline would be in both companies' best interests. Mead spokeswoman Eileen Carr told Newsbytes the firm has had some inquiries from potential purchasers, but could not reveal details. Dataline has about 110 employees working in five locations across Canada and in London, England. (Grant Buckler/19900202/Press Contact: Eileen Carr, Mead Data Central, 513-865-1168)