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Thomson Reuters to sell IP & science unit for $3.55 billion

The business provides intellectual property and scientific information and associated tools and services to governments, universities and companies

Reuters 

Thomson Reuters Corp on Monday said it agreed to sell its intellectual property and science business to private equity firms Onex Corp and Baring Private Equity Asia for $3.55 billion in cash. The business, which has 3,200 employees, provides intellectual property and scientific information and associated tools and services to governments, universities and companies. "This divestiture marks an important step in sharpening our focus on the intersection of global commerce and regulation," wrote Chief Executive Officer Jim Smith, in an e-mail to employees Monday morning. ...

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First Published: Mon, July 11 2016. 20:13 IST
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