Thomson Reuters To Sell 51% Stake In Global Print Business To KKR For $500 Million
TRI•Thomson Reuters to sell majority stake in global print business
- Thomson Reuters and KKR announced a joint venture for Thomson Reuters' global print business.
- Thomson Reuters will sell a 51% stake in the global print business to KKR.
- The company will receive $500 million in gross proceeds and retain a 49% equity interest in the joint venture with KKR.
- Thomson Reuters will maintain intellectual property rights and full editorial control over its content portfolio.
- The company will provide certain financial support for a minimum return to KKR on its investment in the joint venture.
- The new joint venture will hold an exclusive license to distribute content in print and on ProView, Global Print's ebook platform.
