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Blackstone may buy majority stake in key Thomson Reuters unit for $17 bn

If the board agrees to a deal with Blackstone, it would represent the biggest shake-up of Thomson Reuters since it was formed a decade ago

Reuters  |  London 

US private equity firm Blackstone Group LP is in advanced talks to buy an approximate 55 per cent stake in the Financial and Risk business of Thomson Reuters Corp for more than $17 billion, three sources familiar with the matter said on Monday. Thomson Reuters' board, the sources said, is expected to meet on Tuesday to discuss Blackstone's all-cash offer for the F&R business, which supplies news, data and analytics to banks and investment houses around the world. The unit contributes more than half of Thomson Reuters' annual revenues. Thomson Reuters said in a ...

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First Published: Tue, January 30 2018. 10:28 IST