Thomson Reuters eyes "substantive" buys after Blackstone deal: Reuters
Thomson Reuters Corp is looking to make “substantive” acquisitions to boost its legal and tax units after selling a majority stake in its financial terminal business, CEO Jim Smith said. The news and information provider has set aside US$2 billion for deals, Smith told Reuters in an interview, after raising US$17 billion from selling 55 percent of its Financial & Risk (F&R) unit to U.S. private equity firm Blackstone Group. “We are interested in bigger, more substantive deals,” Smith said. “I wouldn’t expect a string of small, bolt-on acquisitions. We’d rather spend that $2 billion on a handful of deals rather than spread across a couple of dozen.”
6 November 2018•3 mins read
