Thomson Reuters on offense as Blackstone deal nears: Reuters
Thomson Reuters Corp said it was thinking about acquisition opportunities after reporting quarterly earnings that were ahead of expectations and reaffirming its 2018 forecast, Reuters reported. The news and information provider agreed in January to sell a 55-percent stake in the Financial & Risk unit, which provides data and news primarily to financial customers, to U.S. private equity firm Blackstone Group. It expects to use US$1 billion to US$3 billion from the proceeds to make acquisitions in legal and accounting. “Following the closure of the deal with Blackstone, Thomson Reuters will be in a position to play offense,” CEO Jim Smith said in an interview.
8 August 2018•2 mins read
