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