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Thomson Reuters (TSX/NYSE: TRI) announced today that it is in advanced discussions with Blackstone regarding a potential partnership in its F&R business.
The F&R business provides a broad and robust range of offerings to financial markets professionals, with $6.1 billion in revenues in 2016. F&R delivers global content sets, including fundamentals, estimates and primary and secondary research alongside tools, platforms, venues and services to enable fast, intelligent decision-making and trading. F&R also provides leading regulatory and risk management solutions to help customers anticipate and manage risk and compliance.
As part of any proposed partnership, Thomson Reuters would retain a significant interest in the F&R business and would retain full ownership of its Legal, Tax & Accounting and Reuters News businesses.
The discussions between Thomson Reuters and Blackstone may or may not lead to a definitive agreement. Thomson Reuters does not expect to comment further on market speculation or disclose any further developments unless and until it determines that further disclosure is appropriate or required.
