Thomson Reuters In Talks to Sell a Portion of Its Desktop and Data Business
Narrow-moat-rated Thomson Reuters is confirming that it is in “advanced discussions†to sell its financial and risk business to private-equity firm Blackstone. Though the company has not disclosed a potential price at which a deal could be struck, the Financial Times is reporting that Blackstone intends to purchase 55% of the business, which provides terminals and data to investors. This is Thomson’s largest business, and in fiscal 2016, it accounted for 54% of total revenue and 55% of operating...Thomson Reuters provides source of news and information. Co. operates three business: Financial & Risk, a provider of news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals, as well as a provider of regulatory and operational risk management solutions; Legal, a provider of online and print information, decision tools, software and services that support legal, investigation, business and government professionals; and Tax & Accounting, a provider of integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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