Thomson Reuters Sells Stake in Unit to Blackstone-Led Group

What is now Thomson Reuters came to life a decade ago in a $17 billion merger of the Thomson financial information business and the Reuters news service.

Now, the company has reached another potentially transformative deal: selling a majority stake in its financial and risk division to the Blackstone Group, the private equity giant.

A consortium led by Blackstone announced on Tuesday that it had taken a 55 percent stake in the unit in a deal that values the division at $20 billion, including debt.  It is the private equity firm’s biggest acquisition since the global financial crisis.

Read the full story here:  http://mwr.nytimes.com/2018/01/30/business/dealbook/blackstone-thomson-reuters-talks.html



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