Thursday, April 17, 2008

Thomson acquire Reuters

  • Financial data provider Thomson Corp acquire Reuters Group of a $17.2 billion deal .
  • Following the completion of the deal, the shares of the combined entity, named Thomson Reuters, on 17th April began trading on Toronto, New York and London.
  • Thomson had reached an agreement to acquire Reuters for about $17.2 billion in a cash and stock deal almost a year ago.
  • The two companies together have over 50,000 employees with operations in 93 countries on six continents and collectively had a revenue of $12.4 billion in 2007.

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