- January 30, 2018
- Posted by: David Tabaka
- Category: AML/KYC, Compliance, Market Data, Media, News, Risk
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