Blackstone and Thomson Reuters sign $20 billion deal
Private equity company Blackstone will acquire 55% stake in Thomson Reuters’ F&R business, including FX platforms and market data
Thomson Reuters has sold a majority stake in its financial and risk business (F&R), including foreign exchange trading platforms and data services, to private equity company Blackstone in a deal that values the unit at $20 billion.
The agreement, announced on January 30, will see TR receive $17 billion in gross proceeds, while the newly sold business will pay a minimum of $325 million annually to TR’s news and information services over the next 30 years.
Blackstone will acquire 55% of the F&R
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