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| Thomson Reuters to acquire Breakingviews |
| Author: | Diana Nutting |
| Date: | Friday, 23rd Oct 2009 17:58 |
| Views: | 875 (excluding Digests and RSS feeds) |
| Category: | Industry Update | | URL: | http://www.vivavip.com/go/e26055 |
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Thomas Reuters (http://www.thomsonreuters.com) has made a formal offer to acquire financial insight commentator Breakingviews (http://www.breakingviews.com) The terms of the offer have not been disclosed and the companies anticipate that the transaction will complete within eight weeks.
Breakingviews will be managed by the Reuters news organisation, and the combined Reuters Breakingviews commentary team will operate under the Breakingviews brand. The separate stand-alone brand will allow Reuters to continue to ensure that there remains a clear distinction between the its news service and commentary offering. Breakingviews will continue to represent the commentary and opinion of the author, while Reuters reporting will continue to represent traditional sourced news and analysis.
Breakingviews was founded in 1999 to provide online real time subscription based financial commentary aimed at financial professionals such as investment bankers, senior corporate executives, hedge fund managers, lawyers and private equity professionals. The company also has a syndication business.
Thomson Reuters also intends to build on Breakingviews’ syndication relationships with many of the world’s leading newspapers, which include columns in the The New York Times (USA), The Telegraph (UK), The International Herald Tribune, Le Monde (France), El Pais and Cinco Dias (Spain), Handelsblatt (Germany), La Stampa (Italy), NRC Handelsblad (Netherlands), Nikkei Veritas (Japan). Caijing (China) The National (UAE), The Business Times (Singapore), The Business Standard (India) and L’Agefi (Switzerland.
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| • | Thomson Reuters to acquire Breakingviews | | Thomas Reuters (http://www.thomsonreuters.com) has made a formal offer to acquire financial insight commentator Breakingviews (http://www.breakingviews.com) The terms of the offer have not been disclosed and the companies anticipate that the transaction will complete within eight weeks.
Breakingviews will be managed by the Reuters news organisation, and the combined Reuters Breakingviews ... |
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Diana Nutting |
23/10/09 17:58 |
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