28 Jul 2019 London exchange nears deal for Refinitiv

Thomson Reuters would own a 15-per-cent interest in the overall business if the deal is completed as discussed

London Stock Exchange Group PLC is nearing a deal to buy Refinitiv Holdings Ltd. in a massive expansion of its financial data services offering that will put it in direct competition with Bloomberg LP.

The potential deal, which the parties confirmed in statements, would result in a sizable gain for Refinitiv’s owners, led by buyout specialist Blackstone Group Inc. and Thomson Reuters Corp.

The deal would value the company at about US$27-billion, including debt.

Thomson Reuters sold a 55per-cent stake in what became Refinitiv to Blackstone and its partners in 2018 in a deal that valued the business at about US$20-billion.

Read the full story here: https://www.theglobeandmail.com/business/article-london-stock-exchange-group-nears-deal-to-buy-refinitiv-worth-2/