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February 23, 2012
WEXIS Assets on the Auction Block
Well, clearly not Lexis L & P according to Reed Elsevier CEO Erik Engstrom. But Thomson Reuters has put several assets up for sale.
- Property Tax Services ($100 million revenue)
- Legal Publishing [legal education] unit ($45 million in revenue) of TR Legal
- eXimius ($10 million in revenue) in the wealth management unit of Financial & Risk
The divestitures according to Frank Golden's comment in TRI's 2011 FY earnings call "are expected to close by midyear." After taking down the For Sale sale for Health last year, TRI might be wise to auction off its assets with no reserve on eBay. [JH]
February 23, 2012 in News, Publishing Industry | Permalink
