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 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.