REUTERS SOLD FOR $17.23 BILLION

18 May 2007

Canadian publisher to acquire veteran news agency

The respected and long established Reuters news service will soon change ownership, it appears. Canadian publisher Thomson Corporation has agreed to buy the company for a reported GBP 8.7 billion ($17.23 billion)

The deal will create the world's largest financial news and data group, the deal-makers claim.

The deal has the support of the Reuters Founders Share Company, which could have blocked a takeover if it thought Reuters editorial independence was at risk, but still needs regulatory clearance, they said.

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