Charles Lowry Reporting

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May 25, 2007
Thomson and Reuters Confirm Their Deal
As reported by Information Today, the rumors of a merger between two of the three major providers of financial data, news, and trading systems have become reality. The consolidation will position the new Thomson-Reuters just ahead of arch-rival Bloomberg. Although Reuters is best known as the world’s largest international multimedia news agency, more than 90 percent of its revenues derive from its financial services business. The company’s core strengths lie in providing the content, analytics, trading, and collaboration tools needed by financial professionals—estimated to be some 370,000 around the world. The Thomson Corp, formally based in Toronto but with operational headquarters in Stamford, Conn., provides electronic workflow solutions to business and professional customers, and value-added information, software tools, and applications to professionals in the fields of law, tax and accounting, financial services, scientific research, and healthcare.

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May 25, 2007 in Corporations, Data, Mergers & Acquisitions | Permalink