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Blackstone in Talks Over Deal With Thomson Reuters Unit

2018-01-31 3 Dailymotion

Blackstone in Talks Over Deal With Thomson Reuters Unit<br />Thomson Reuters, which is based in Toronto, said it would retain a significant interest in the financial<br />and risk business after any deal and would retain full ownership of its legal, tax and accounting, and news operations.<br />LONDON — Thomson Reuters, the news and digital information company, said on Tuesday<br />that it was in advanced discussions with the private equity giant Blackstone Group regarding a “potential partnership” with its financial and risk business.<br />The financial and risk unit provides research and analysis tools to financial markets professionals<br />and had revenue of $6.1 billion in 2016, the company said.<br />“The discussions between Thomson Reuters and Blackstone may or may not lead to a definitive agreement,” the company said in a news release.

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