Thomson Reuters Paid About $40 Million for Zawya, National Says
Thomson Reuters Corp. paid about $40 million for Zawya Ltd., which provides online business information on the Middle East and North Africa, Abu Dhabi-based The National reported, citing people it did not identify.
Thomson Reuters announced the acquisition of Dubai-based Zawya yesterday without disclosing the value of the deal.
Bloomberg LP, the parent of Bloomberg News, competes with Thomson Reuters in selling financial and legal information and trading systems.
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