Blackstone in Talks with Thomson Reuters to Acquire a 55% Stake in Eikon

Posted by Joachim Bartels | Jan 31, 2018 | Compliance, Financial Information, Governance Risk & Compliance, Member News, Risk Management Solutions, Risk Solutions - Prediction, The BIIA Network, Thomson Reuters, United Kingdom, United States | 0 |

Blackstone Group LP is considering its biggest foray yet into the $27 billion-a-year industry for financial information to buy a 55 percent stake in Thomson Reuters Corp.’s largest unit, which supplies data and analytical tools to financial professionals.

Thomson Reuters would cede its flagship Eikon terminal business while keeping the news operations, as well as ownership of its legal, tax and accounting arm.

The division is said to be worth about $20 billion, meaning any purchase would be one of the largest transactions in the industry since Thomson took over Reuters in 2008. Should it go ahead, Blackstone would compete directly with Bloomberg LP and News Corp.’s Dow Jones division in selling financial services and trading tools.

Source: Reuters

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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