PhotoLONDON — What is now Thomson Reuters came to life a decade ago in a $17 billion merger of the Thomson financial information business and the Reuters news service. Now, the company is in advanced discussions on another potentially transformative deal: selling a majority stake in its financial and risk division to the Blackstone Group, the private equity giant. It would be the private equity firm’s biggest acquisition since the global financial crisis. Thomson Reuters said in a statement that it was in advanced discussions with Blackstone over a “potential partnership.” The company added that the discussions might not yield an agreement. Advertisement Continue reading the main storyStriking a deal with Blackstone would help Thomson Reuters buttress its biggest division, which has faced headwinds amid lower spending by banks and other clients and competition from rivals like Bloomberg L.P.

Source: New York Times January 30, 2018 08:37 UTC