Dow Jones has taken full ownership of online business news and information provider Factiva, 50 percent of which it had previously held in a joint venture with Reuters since the service's 1999 launch.

Dow Jones will pay Reuters $160 million for Factiva, including $153 million in cash plus $7 million in preferred stock, ClickZ reports. Having complete ownership of Factiva will allow Dow Jones to more closely integrate the service with others in its enterprise media group, including its newswires and licensing services.

Dow Jones says it expects Factiva to produce around $290 million in revenue and about $50 million in earnings after the integration.