- January 30, 2018
- Posted by: David Tabaka
- Category: AML/KYC, Compliance, Market Data, Media, News, Risk
Deal valued at $17 billion would be biggest since crisis, Firm said to see growth in data feed, FX, treasury functions
Blackstone Group LP’s potential acquisition of part of Thomson Reuters Corp. would be the biggest bet by the asset manager since the global financial crisis, boosting its presence in the $27 billion-a-year industry for financial information.
The U.S. firm is in talks to buy a 55 percent stake in the Thomson Reuters unit that provides data, analytics and trading to Wall Street and financial professionals around the world, according to people with knowledge of the matter. The unit, which doesn’t include the news-gathering operations, would be valued at about $20 billion including debt, the people said, asking not to be identified because the details are confidential. Blackstone’s contribution of equity and borrowings would be about $17 billion, one of the people said.