Thomson Reuters Makes Offer to Acquire Breakingviews
(Thomson Reuters ONE) - Offer seeks to build on Reuters leadership in financial news commentaryNEW YORK (October 14, 2009) -Thomson Reuters today confirms that itis has made a formal offer to acquire a leading global financialinsight commentary business, Breakingviews. This offer, for anundisclosed sum, has been accepted by Breakingviews' directors, whoare unanimously recommending the offer to their shareholders. Thetransaction is expected to complete within eight weeks.Breakingviews will be managed by the Reuters news organization andwill further enhance and build upon Reuters own fast-growing globalcommentary service. In 2008 Reuters established an internationalcommentary team, which has become a highly valued part of Reutersglobal, multimedia news and information offering."Based on the recent success of our strategy to move into commentaryand the positive feedback we have received from Thomson Reutersclients, we are now seeking to accelerate our global commentaryoffering. The acquisition of Breakingviews brings together two ofthe most respected and influential teams of business, financial andpolitical news commentators in the world and understandably, we arevery excited about the opportunity this presents. We expect thecombined talent and editorial strength of the enlarged team to enableus to become the world's premier financial commentary service," saidDavid Schlesinger, editor-in-chief, Reuters.Devin Wenig, CEO, Thomson Reuters Markets, said, "We are committed toextending our leadership in global news by continuing to invest incovering markets faster and more comprehensively. By addingBreakingviews to our existing commentary service, Thomson Reuterswill provide our clients with deeper critical insight and analysis."The combined Reuters Breakingviews Commentary team will operate underthe Breakingviews brand. The separate stand-alone brand will allowReuters to continue to ensure that there remains a clear distinctionbetween the organization's news service and commentary offering.Breakingviews will continue to represent the commentary and opinionof the author, while Reuters reporting will continue to represent thetraditional sourced news and analysis that has been its staple formore than 150 years.The combined Reuters Breakingviews commentary service will be madeexclusively available to Thomson Reuters premium desktop clientsimmediately following the closing of the transaction. Thomson Reutersalso intends to build on Breakingviews' syndication relationshipswith many of the world's leading newspapers.Hugo Dixon, editor-in-chief, Breakingviews, who will be running thecombined commentary team, said: "This combination will give us anenormous opportunity to enhance the impact of our agenda-settinginsight. Breakingviews will have a much larger group of commentators,be in more of the world's financial capitals and have access toThomson Reuters' unrivalled customer base."About Thomson ReutersThomson Reuters is the world's leading source of intelligentinformation for businesses and professionals. We combine industryexpertise with innovative technology to deliver critical informationto leading decision makers in the financial, legal, tax andaccounting, healthcare and science and media markets, powered by theworld's most trusted news organization. With headquarters in NewYork and major operations in London and Eagan, Minnesota, ThomsonReuters employs more than 50,000 people and operates in over 100countries. Thomson Reuters shares are listed on the Toronto StockExchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). For moreinformation, go to www.thomsonreuters.com.About BreakingviewsBreakingviews was founded in 1999 to provide online financialcommentary aimed at a professional audience. It is one of a handfulof journalism websites to have successfully introduced a subscriptionmodel. The company also has a thriving syndication business. BrandedBreakingviews columns appear in 15 leading publications around theworld. The company continued to grow through the financial crisiswith revenue rising last year by 23%. Since its inception,Breakingviews has been influential on a broad range of storiesincluding the TMT bubble, numerous takeover sagas, the credit bubbleand subsequent banking crisis, and how the financial system shouldnow be reformed.CONTACTThomson Reuters and BreakingviewsCourtney DolanHead of Public Relations, Editorial+1 646 223 8406courtney.dolan(at)thomsonreutershttp://hugin.info/142273/R/1347606/324037.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 14.10.2009 - 17:18 Uhr
Sprache: Deutsch
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