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Thomson Reuters Sells 51% Stake in Legal and Tax Publishing to KKR, Retains 49% and Editorial Control
Thomson Reuters agreed to sell a 51 percent stake in its legal and tax publishing business to KKR. The $500 million deal was announced on Tuesday. Thomson Reuters retains intellectual property rights, editorial control and a 49 percent stake.
Jul 14, 11:25 AM·1m read2 sources
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Thomson Reuters agreed to sell a 51 percent stake in its legal and tax publishing business to KKR for $500 million, @business reported. The deal was announced on Tuesday. Thomson Reuters will retain intellectual property rights and editorial control over its content portfolio while keeping a 49 percent stake in the venture.
The new venture will hold an exclusive license to distribute Thomson Reuters content in print and digital books.
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