Blackstone sees data as future of Thomson Reuters F&R unit: Reuters
Blackstone Group LP President Tony James said on Thursday the future of the Thomson Reuters Financial and Risk (F&R) business is in data, not in selling terminal desktop products to traders, bankers and investors, Reuters reported. “The most valuable part of that business by far is the data part. The terminals are the legacy business for which people think of them but that’s not where the future of that company is,” said James. U.S. private equity firm Blackstone this week agreed to buy a majority stake in the F&R business of Thomson Reuters Corp in a US$20 billion deal.
1 February 2018•2 mins read
