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Reuters News to Get $325M Annually Under Blackstone Offer: Sources

Image: Reuters News to Get $325M Annually Under Blackstone Offer: Sources
(Dreamstime/Roman Tiraspolsky)

Tuesday, 30 January 2018 03:02 PM

Blackstone Group LP has agreed that annual payments of $325 million would be made for 30 years to the Reuters News business as part of an offer by the U.S. private equity firm to buy a majority stake in Thomson Reuters' Financial and Risk unit, two sources familiar with the matter said on Tuesday.

The payments - which would amount to almost $10 billion over three decades - would be made by the new Financial and Risk company for Reuters news content, the sources said. Blackstone would own 55 percent in the new company and Thomson Reuters would retain a stake of 45 percent.

Thomson Reuters, the parent of Reuters News, said late on Monday it was "in advanced discussions with Blackstone regarding a potential partnership in its F&R business." Reuters News supplies news to the Financial and Risk unit's desktop product, Eikon.

© 2018 Thomson/Reuters. All rights reserved.

   
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Blackstone Group LP has agreed that annual payments of $325 million would be made for 30 years to the Reuters News business as part of an offer by the U.S. private equity firm to buy a majority stake in Thomson Reuters' Financial and Risk unit, two sources familiar with the matter said on Tuesday.
reuters, news, blackstone, offer
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2018-02-30
Tuesday, 30 January 2018 03:02 PM
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