Publicly-traded Clarivate (the awkward modern name for what was Thompson Reuters’ IP and science division, FKA as Thompson Scientific) has an agreement to acquire library content and services company ProQuest for $5.3 billion from Cambridge Information Group and its partners. Clarivate will pay with $4 billion in cash and $1.3 billion in equity. Chairman of ProQuest and CEO of Cambridge Information Group Andy Snyder, who will join the Clarivate board as vice chair after the deal closes, says in the announcement: “I have seen ProQuest evolve to meet our customers’ ever-changing needs over the last several decades and fully understand […]
