Deal Snapshot
THOMSON REUTERS TO SELL MAJORITY STAKE IN F AND R BUSINESS TO BLACKSTONE
Thursday 01 February 2018

Canadian mass media and information firm Thomson Reuters (TSX: TRI) (NYSE: TRI) has signed a definitive agreement to enter into a strategic partnership with US-based investment firm Blackstone (NYSE: BX), the firm said.
As part of the transaction, Thomson Reuters will sell a 55% majority stake in its Financial and Risk (F and R) business to private equity funds managed by Blackstone. The transaction values the F and R business at approximately USD 20bn.


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Details
Date Published: 01/02/2018
Target: Thomson Reuters/ Financial and Risk business/55% stake
Country: Canada
Deal Size: 11bn (USD)
Sector: Media
Type: Divestment
Financing: Cash
Status: Agreed
Vendor: Thomson Reuters
Buyer: Blackstone
Buyer Advisor: Canson Capital Partners , BofA Merrill Lynch , Citigroup , J.P. Morgan , Simpson Thacher and Bartlett
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