Speaking in a statement at the end of January, a Thomson Reuters spokesperson confirmed the company "is in advanced discussions with Blackstone regarding a potential partnership in its F&R business". Thomson Reuters will retain a 45% equity stake, at an overall valuation of US$20 billion ($24.9bn).
"We're big believers in data and that's certainly a driver behind the Thomson Reuters business", James said in a call with analysts after Blackstone's fourth-quarter earnings, when asked how the firm was looking at opportunities in data technology and how it might expand its expertise in that area. It is used by trading, investment, financial and corporate professionals. It also provides regulatory and risk management solutions to help customers anticipate and manage risk and compliance. Thomson Reuters declined to comment.
Who Is Carter G. Woodson? 5 Quotes From Father Of Black History
For information on more Black History Month events, visit The Center for University Access and Inclusion website . That weeklong program later expanded to become what is known today as Black History Month .
And the past decade hasn't changed a thing - Reuters' F&R unit continues to struggle selling their bread and butter trading terminal, playing second fiddle to rival Bloomberg (as of 2016, Bloomberg maintained a 33% market share in F&R, compared to Reuters' 23%).
Ms Mia Zhang, a consultant at Frost & Sullivan, believes the deal is a "good investment bet" for GIC: "The returns are expected to be steady, while the risks are low".
The deal, Blackstone's biggest bet since the financial crisis, will see its co-founder Stephen Schwarzman go head to head against fellow billionaire and former NY mayor Michael Bloomberg, whose eponymous terminals are the market leader in providing traders, bankers and investors with news, data and analytics.
Trevor Noah Calls Out Hillary Clinton, And He's Not Joking
He was hired five years later to lead an independent group that supported Clinton's 2016 candidacy called Correct the Record . But a few paragraphs later, that certainty about the course she should have taken seems to have evaporated.