paidContent.org - The Economics of Content

Current Story

Thomson-Reuters Merger Expected To Close April 17

By Rafat Ali - Fri 29 Feb 2008 10:00 AM PST

An era will come to an end on April 17th, when Thomson’s (NYSE: TOC) takeover of Reuters Group (NSDQ: RTRSY) is expected to close. The two companies have received all regulatory clearances, as we reported on before, and shareholders of both companies will vote on the deal at meetings on March 26 in London and Toronto. More in release here.

Meanwhile, Reuters said it expected trading profit to be no less than $753 million..the full earnings results are due next week, reports, well, Reuters. On combined marketshare, Figures from Inside Market Data Reference showed Bloomberg had 33 percent of the market data industry at the end of 2006, Reuters had 23 percent while Thomson Financial had 11 percent. For 2007, preliminary anecdotal evidence suggests Bloomberg with a slightly greater share of the market than a combined Reuters-Thomson business.

Posted in: Companies, Reuters

Tags: thomson

Related Research from Alacrastore.com

1 Response:
  • From Tiger Woods Thu 10 Apr 2008 07:33 AM

    I am going to buy them once they merge. I’ll call it Tigerberg and then go after Bloomberg.

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Joseph Weisenthal
Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

EconAds Conference - The Economics of Ad Deals. Tuesday, June 3rd, 2008. The New World Stages, NYC

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters