Thomson Reuters announced Tuesday a deal to form a joint venture with private equity firm KKR, which will pay approximately $500 million for a 51 percent stake in Thomson’s Global Print business. That business comprises Thomson’s legal and tax information books, sold in print and through their ProView platform, as well as the company’s book printing division. Thomson Reuters will retain “full editorial control over its content portfolio.” The joint venture will “hold an exclusive license to distribute the content in print and on ProView, Global Print’s eBook platform.” Thomson Reuters stock has suffered this year, as investors fear AI […]
