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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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Canadian Dollar Advances Against Most Majors
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European Markets Close Weak On Credit Market Jitters, Trade Tensions
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Bay Street Headed For Weak Start
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FTSE 100 Down 1.4%; Bank Stocks Fall On U.S. Lenders' Credit Woes
The UK market is down sharply on Friday, hurt by a sell-off in the financials sector amid concerns about the health of U.S. banks after a couple of regional banks disclosed that they were exposed to alleged fraud by borrowers, spreading jitters about credit market turmoil.
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CAC 40 Drifts Lower As Bank Stocks Tumble; Essilor Jumps On Strong Earnings
A day after hitting a 7-month high, French stock market's benchmark index CAC 40 has slipped into negative territory with bank stocks suffering sharp losses on Friday amid concerns about the health of U.S. credit markets.
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Před 20 h 34 min
