Reuters agreed this morning to a takeover by Thomson for $17 billion. Reuters CEO Tom Glocer will lead the new company, Thomson-Reuters, which will be larger than Bloomberg in the financial data marketplace.
Tom Glocer, new CEO of “Tom&Roy”
Thomson is selling Thomson Learning for $7.75 billion. Late last year, Thomson reported that “This sale is part of Thomson’s previously announced strategy to sell the assets of its Learning business to enable Thomson to pursue opportunities better aligned with its growth strategy and business model.” Among the assets on the block: Prometric, Wadsworth, and Delmar.
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