- January 30, 2018
- Posted by: David Tabaka
- Category: AML/KYC, Compliance, Market Data, Media, News, Risk
Blackstone Group LP, the private equity giant led by Stephen Schwarzman, is considering its biggest foray yet into the $27 billion-a-year industry for financial information.
The firm is in talks to buy a 55 percent stake in Thomson Reuters Corp.’s largest unit, which supplies data and analytical tools to financial professionals, a person familiar with the matter said. Thomson Reuters, controlled by one of Canada’s richest families, would cede its flagship Eikon terminal business while keeping the news operations, as well as ownership of its legal, tax and accounting arm.