JOHANNESBURG: Thomson Reuters Corp agreed to sell its Intellectual Property & Science business to Onex Corp and Baring Private Equity Asia for US$3.55bil in cash.
The media company will use US$1bil of the proceeds to buy back stock, part of a previous US$1.5bil plan, and will also pay down debt, New York-based Thomson Reuters said in a statement yesterday. – Bloomberg
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!