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Red faces as Reuters is swallowed up.
Red faces as Reuters is swallowed up
Laura Smith
Thomson has completed the [pounds sterling]8.7bn acquisition of competitor Reuters.
The deal brings the two-year process to a close with the creation of Thomson Reuters, a financial information business with 50,000 staff and operations in 93 countries.
In a statement, Thomson Reuters said that it intended to be a leading source of information for businesses and professionals in the fields of science, health, finance, law, tax and accounting, and the media.
The Financial Times said that the merged business A- one of the biggest financial information providers in the world A- would have the might to challenge Bloomberg.
Tom Glocer, the former Reuters chief executive who is believed to have won a [pounds sterling]30m payout under the deal, described the merger as a "very exciting day for our shareholders, customers and employees".
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...28 /PRNewswire-FirstCall/ -- Thomson Reuters (NYSE: TRI; TSX: TRI; LSE: TRIL...Glocer, chief executive officer of Thomson Reuters, said, "I am truly delighted that...foundation. The foundation underpins Thomson Reuters business strategy with a central commitment...
Source: HighBeam Research, Red faces as Reuters is swallowed up.