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Thomson Reuters Sells Remaining Stake In London Stock Exchange For About $500 Mln
(RTTNews) - Thomson Reuters Corp. (TRI, TRI.TO) announced Wednesday that it and certain investment funds affiliated with Blackstone collectively sold 17.3 million London Stock Exchange Group plc (LSEG) shares that they co-own for a price of 91.50 British pounds per share.
The sale was conducted through a placement to institutional investors and an offer to retail investors. Following the settlement of the transaction, Thomson Reuters will no longer hold any interest in LSEG.
Of the shares sold, approximately 4.3 million shares were indirectly owned by Thomson Reuters. Upon the closing of the transaction, Thomson Reuters expects to receive pre-tax net proceeds of approximately $500 million.
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CNN, Reuters Launch Digital Paywalls
Global news organizations CNN, owned by media conglomerate Warner Bros. Discovery, as well as Thomson Reuters Corp. announced their plans to launch digital paywalls, with a view to developing new digital revenue streams aiming to support their work in journalism around the world. CNN, in an internal memo, said it is starting to ask some of its visitors to pay $3.99 a month for access...
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Asian Shares Rise Ahead Of US-China Trade Talks
Asian stocks rose broadly on Thursday despite U.S. stocks falling for a second straight session overnight.
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UK House Prices Rise For First Time In 3 Months
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Thursday.
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German Exports Rise More Than Forecast
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European Shares Seen Opening Up On Trade Deal Optimism
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European Economic News Preview: Bank Of England To Cut Interest Rate
The Bank of England is set to cut its benchmark interest rate by a quarter-point on Thursday, to cope with the economic slowdown triggered by trade tariffs. The Monetary Policy Committee is expected to reduce the Bank Rate to 4.25 percent from 4.50 percent. The BoE had maintained its interest rate at its March meeting after reducing it three times since last year.
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Sensex, Nifty Subdued In Early Trade
Indian shares were subdued on Thursday amid rising tensions between India and Pakistan and concerns about the outlook for the global economy.
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4h 50min atrás
