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Blackstone to Buy Thomson Reuters Unit in a $20 Billion Deal

  • Canada Pension, GIC to invest in business alongside Blackstone
  • Blackstone PE head Baratta: ‘This is a landmark transaction’
Bloomberg business news

Blackstone Deal Marks Biggest Buyout Since Financial Crisis

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A group led by Blackstone Group LP agreed to buy a majority stake in Thomson Reuters Corp.’s financial and risk unit in a deal that values the business at $20 billion, sealing plans for the firm’s biggest buyout in a decade.

Canada Pension Plan Investment Board and Singapore’s sovereign wealth fund, GIC Pte, will co-invest alongside Blackstone to acquire 55 percent of the business, according to a statement Tuesday. Thomson Reuters will retain a 45 percent equity stake. The unit, which provides data, analytics and trading to Wall Street and financial professionals around the world, doesn’t include the news-gathering operation.