Wednesday, May 16, 2007
ThomsonCorp's $17.2 billion acquisition of the Reuters Group would result in a combined company, Thomson-Reuters, owning about 34% of the market for financial data and in a position to compete head-to-head with Bloomberg, which currents owns about one-third of the market. The Thomson family will have majority control of the combined company. The deal is subject to antitrust review both in the U.S. and Europe. See NYTimes, Thomson Adds Reuters in $17 Billion Bid to Be Giant; WSJ, Thomson's $17.2 Billion Pact For Reuters to Face Reviews.