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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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379 days ago
Commodity Currency's Slide Amid Escalating US-China Trade Tensions
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Friday, amid the escalating trade tensions between the U.S. and China and renewed concerns about the U.S. banking sector after bad loans recently led to the bankruptcies of two auto industry-related companies, First Brands and Tricolor Holdings. Traders also resorted to profit taking after the recent gains in the markets.
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Canadian Dollar Slides Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Friday.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Friday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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European Shares To Open On Soft Note As US Economic Concerns Mount
European stocks look set to open lower on Friday, with AI bubble concerns, escalating global trade disputes and heightened concerns about the U.S. credit market likely to weigh on markets, heading into the weekend.
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Sensex, Nifty Little Changed In Lackluster Trade; IT Stocks Drag
Indian shares were little changed in early trade on Friday due to escalating Sino-U.S. tensions and renewed concerns about the U.S. banking sector.
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2h 58min ago
Australian Market Doubles Early Losses In Mid-market
The Australian stock market is doubling its early losses in mid-market moves on Friday, snapping a three-session winning streak, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 9,050 level, with weakness in technology stocks and a mixed performance in most other sectors.
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