30 Jan 2018 Blackstone strikes $17bn deal for Thomson Reuters data unit

Private equity group’s biggest purchase since financial crisis pits Schwarzman against Bloomberg

Blackstone agreed its largest deal since the financial crisis by pulling together $17.3bn to take a controlling stake in the financial terminals and data business of Thomson Reuters, making the US money manager a direct competitor to Bloomberg.

The transaction pits the firepower and network of Stephen Schwarzman, who oversees $387bn in Blackstone funds, against fellow billionaire and former New York mayor Michael Bloomberg, who dominates Wall Street’s financial information industry.

Read the full story here:  https://www.ft.com/content/1804c0cc-059e-11e8-9650-9c0ad2d7c5b5