Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Thomson Aims to Buy Reuters

By Peter Fearon,  Newser Staff

Posted May 9, 2007 8:00 AM CDT

(Newser) – Thomson, the Canadian publishing company, is poised to buy Reuters, the global news and information agency, the Globe and Mail reports. The timing of the takeover, which values Reuters at $17.7 billion, appears a response to Rupert Murdoch's proposed purchase of Dow Jones, but sources say they have been in talks with Reuters for months. 

Reuters stock has fallen by more and a half since 2000. The deal is complicated by the fact that no single shareholder is allowed to own more than 15 per cent of the company. A takeover would require the consent of 15 trustees charged with ensuring its "independence, impartiality, integrity and freedom from bias," the Globe and Mail reports.

The front entrance to the Reuters headquarters building in London, Friday May 4, 2007.  Reuters Group PLC and Thomson Corp. confirmed in a statement Tuesday May 8, 2007,  that they are discussing a combination of their businesses which values Reuters at 8.87 billion pounds (euro13 billion; US$17.7 billion)....
The front entrance to the Reuters headquarters building in London, Friday May 4, 2007. Reuters Group PLC and Thomson Corp. confirmed in a statement Tuesday May 8, 2007, that they are discussing a combination...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Dow Jones Warms to Murdoch Offer

Bancrofts Mull Murdoch Buyout

Panel to Shield Journal Editors

Mogul's Interest In Journal Is No Passing Fancy

Dow Jones Scenarios Multiply


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne