Thomson Reuters Agrees to Sell IP Business for $3.55 billion

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Thomson Reuters Agrees to Sell IP Business for $3.55 billion

Postby » Sun Jul 10, 2016 12:14 pm

Thomson Reuters Corp, a leading global provider of information services to the finance industry, announced today that it has agreed to sell its intellectual property and science business to private equity firms Onex Corp and Baring Private Equity Asia for $3.55 billion.

Intellectual Property

The business being sold provides intellectual property and scientific information and associated tools and services to governments, universities and companies.

Jim Smith, President and CEO of Thomson Reuters, commented: “We are pleased to announce the agreement today to sell our Intellectual Property & Science business to Onex and Baring Asia. With the completion of this divestiture, Thomson Reuters will be ... (read more)

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