Thomson news stories on Newser

Dow Jones Warms to Murdoch Offer

Peter Fearon — Fri, 01 Jun 2007 07:06:48 CDT

The family that controls Dow Jones, after initially rebuffing a $5-billion buyout offer from Rupert Murdoch, has decided to consider selling after all. In a stunning about-face, the Bancroft family announced last night it had "reached consensus that the mission of Dow Jones may be better accomplished in combination or...

Reuters, Thomson Seal the Deal

Sam Gale Rosen — Tue, 15 May 2007 08:25:08 CDT

Reuters and Thomson have settled on the terms of the $17.24 billion merger announced last week, sounding the starting bell for a longer-than-usual regulatory review, the Journal reports. Reuters head Tom Glocer will become CEO of the new Thomson-Reuters, which combines the second- and third-largest providers of financial data...

Thomson Confirms Merger Deal

J. Kelman — Wed, 09 May 2007 11:00:00 CDT

Financial data giants Reuters and Thomson have confirmed that a merger is in the works. Should the deal go through, the company will control 34 percent of the financial data market, to current leader Bloomberg's 33 percent. Reuters CEO Tom Glocer would head the new Thomson-Reuters, which would remain under...

Thomson Aims to Buy Reuters

Peter Fearon — Wed, 09 May 2007 08:00:00 CDT

Thomson, the Canadian publishing company, is poised to buy Reuters, the global news and information agency, the Globe and Mail reports. The timing of the takeover, which values Reuters at $17.7 billion, appears a response to Rupert Murdoch's proposed purchase of Dow Jones, but sources say they have been...

Reuters Takeover Rumors Fly

J. Kelman — Sat, 05 May 2007 08:00:00 CDT

Reuters is being wooed by a buyer, though the British information service is steadfastly mum on its suitor's identity. The WSJ predicts one of two outcomes: an intra-industry move from Canadian publishing powerhouse Thomson, or a swoop in by private equity, aimed at profiting off the company's steady cash flow.