Blackstone aims to supercharge Thomson Reuters unit with $17bn deal

Analysts expect M&A in financial data industry where Thomson family still lags behind

For more than a decade, the Thomson family has wrestled at great expense with a big problem: how to successfully derive value from the GBP8.7bn acquisition of Reuters by the family’s company, Thomson Financial, in 2008.

Blackstone thinks it has the answer.  The private equity group is pinning the $17bn takeover of a majority stake in the financial services and data group on a plan to use its Wall Street contacts to drive usage and accelerate existing cost-cutting programmes, according to two people involved in the deal.

Such is the confidence of the US private equity group headed by billionaire Stephen Schwarzman that it is willing to carve out the finance and risk division of Thomson Reuters, in a deal that is its largest since the financial crisis.

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