Thomson buys Reuters

Toronto-based business publisher Thomson Corp has bought UK-based news and financial data service Reuters for US$17.2 billion. The merged companies will become the world’s largest provider of financial information – a position currently held by Bloomberg. According to a report at reuters.com: Reuters Founders Share Company, which has the power to block a change of ownership […]

Thomson and Reuters confirm takeover talks

Toronto-based business publisher Thomson Corp has confirmed it is in talks to purchase UK-based news and financial data service Reuters. The talks were first rumoured last week. According to a report at globeandmail.com this morning: If Tuesday’s proposed deal is successful, Woodbridge — the Thomson family holding company — would own about 53 per cent of […]