Skip to: Content
Skip to: Site Navigation
Skip to: Search

September 5, 2008 9:41:17 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Thomson Confirms Merger Deal

Posted May 9, 07 11:00 AM CDT in Business 

(Newser) – Financial data giants Reuters and Thomson have confirmed that a merger is in the works. Should the deal go through, the company will control 34 percent of the financial data market, to current leader Bloomberg's 33 percent. Reuters CEO Tom Glocer would head the new Thomson-Reuters, which would remain under the Thomson family's control.

A merger has long been rumored, but Glocer's initial vision of the deal had Thomson as the takeover target, the Financial Times reports. Though Thomson's recent sale of its textbook division made a Reuters bid more attractive, the company seems to be living up to its detached reputation by handing Glocer, not a Thomson honcho, the top job.

Source New York Times

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Murdoch Says $5B Is Final Offer for Dow Jones

    Jun 27, 07 4:09 PM CDT
    Murdoch Says $5B Is Final Offer for Dow Jones Rupert Murdoch won't raise his $5B bid for Dow Jones, the media mogul said today. Murdoch deflected speculation that he would up the ante to move along negotiations with the openly skeptical Bancroft family, which owns a majority stake in the Journal publisher. Instead, Reuters reports, Murdoch is suggesting he could balk if the Bancrofts dither. More »

  • Hot LBO Market Takes Hit

    Jun 8, 07 9:40 AM CDT
    Hot LBO Market Takes Hit The red-hot market for LBOs may be hitting a long-awaited rough patch. Several big deals—including Apollo's $1.3 billion Linens 'n Things buy and the multigroup $17.6 billion acquisition of Freescale Semiconductor Holdings—have turned sour, with the companies struggling to generate enough cash to pay down debt after soft quarters. More »

  • Murdoch Says He's Flexible, Up to a Point

    Jun 4, 07 8:29 AM CDT
    Murdoch Says He's Flexible, Up to a Point Rupert Murdoch has renewed his vow to maintain the Wall Street Journal's editorial independence should his bid for Dow Jones succeed, but it's unlikely he'll allow the controlling Bancroft family to run an editorial oversight board. That sticking point could be a deal-breaker, the Journal reported hours before today's scheduled meeting between the parties. More »

  • Dow Jones Warms to Murdoch Offer

    Jun 1, 07 7:06 AM CDT
    Dow Jones Warms to Murdoch Offer The family that controls Dow Jones, after initially rebuffing a $5-billion buyout offer from Rupert Murdoch, has decided to consider selling after all. In a stunning about-face, the Bancroft family announced last night it had "reached consensus that the mission of Dow Jones may be better accomplished in combination or collaboration with another organization, which may include News Corporation.” More »

  • Tishman, Lehman Close REIT Deal

    May 29, 07 11:50 AM CDT
    Tishman, Lehman Close REIT Deal In a penthouse-level play, real estate developer Tishman Speyer Properties and investment bank Lehman Brothers will spend $13.5 billion to buy the nation's second-largest apartment owner. The $60.75 per share offer for real estate trust Archstone-Smith, confirmed this morning, will take the company private in a deal worth over $22 billion including debt. More »

This undated handout provided by Reuters Group PLC shows Reuters Chief Executive Officer Tom Glocer. Reuters Group PLC said Friday, May 4, 2007 that it had received a preliminary takeover approach, sending...   (Associated Press)
The Reuters building is shown, Friday, May 4, 2007 in New York. Reuters Group PLC said Friday that it had received a preliminary takeover approach, sending shares of the British news and financial information...   (Associated Press)
A general view of the Reuters headquarters building showing the company logo in London, Friday May 4, 2007. Shares in news agency Reuters have surged by more than a quarter on news it has received a takeover...   (Associated Press)
This is a view of the Thomson Corp. headquarters in downtown Stamford, Conn., as seen Friday, May 4, 20077. Reuters Group PLC said Friday that it had received a preliminary takeover approach, sending...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 3)

Tags

business  • merger  • Reuters  • Thomson  • Tom Glocer


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular


Other Home Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »