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Thomson to buy Reuters for $17.2 billion
May 15 2007, 7:12am CDT | by Luigi Lugmayr
Canadian publisher Thomson Corp. has agreed to buy Reuters for about $17.2 billion.
The Reuters Founders Share Company agreed to the deal. Now the only thing that stands between the finalization of the deal is regulatory clearance and shareholder approval.
The new Thomson-Reuters company will have revenues of about $12 billion and almost 49,000 employees.
Via Reuters.
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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