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Banks near deal to buy messaging start-up Perzo

Sep. 25, 2014 7:49 AM ETThe Goldman Sachs Group, Inc. (GS) StockGSBy: Stephen Alpher, SA News Editor
  • A purchase pf Perzo could lead to the creation of an instant-messaging service to rival that of Bloomberg, and Goldman Sachs (NYSE:GS) is leading a group of 14 Wall Street firms nearing a deal.
  • Bloomberg terminals are a staple at banks and money management operations - helping employees keep up with the markets and allowing them to communicate electronically - but gripes about the $20K per year price tag and Bloomberg's refusal to sell services a la carte are growing.
  • By backing a viable alternative to Bloomberg's highly popular messaging service, bank chiefs believe they'll get a lever with which to negotiate better pricing on terminals.

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