Business
Thomson Reuters Makes Offer to Acquire Breaking...
Thomson Reuters Makes Offer to Acquire Breaking....
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[{"type":"text","content":"\n \n\n\n\n Offer seeks to build on Reuters leadership in financial news\n commentary\n\nNEW YORK (October 14, 2009) -Thomson Reuters today confirms that it\nis has made a formal offer to acquire a leading global financial\ninsight commentary business, Breakingviews. This offer, for an\nundisclosed sum, has been accepted by Breakingviews' directors, who\nare unanimously recommending the offer to their shareholders. The\ntransaction is expected to complete within eight weeks.\n\nBreakingviews will be managed by the Reuters news organization and\nwill further enhance and build upon Reuters own fast-growing global\ncommentary service. In 2008 Reuters established an international\ncommentary team, which has become a highly valued part of Reuters\nglobal, multimedia news and information offering.\n\n\"Based on the recent success of our strategy to move into commentary\nand the positive feedback we have received from Thomson Reuters\nclients, we are now seeking to accelerate our global commentary\noffering. The acquisition of Breakingviews brings together two of\nthe most respected and influential teams of business, financial and\npolitical news commentators in the world and understandably, we are\nvery excited about the opportunity this presents. We expect the\ncombined talent and editorial strength of the enlarged team to enable\nus to become the world's premier financial commentary service,\" said\nDavid Schlesinger, editor-in-chief, Reuters.\n\nDevin Wenig, CEO, Thomson Reuters Markets, said, \"We are committed to\nextending our leadership in global news by continuing to invest in\ncovering markets faster and more comprehensively. By adding\nBreakingviews to our existing commentary service, Thomson Reuters\nwill provide our clients with deeper critical insight and analysis.\"\n\nThe combined Reuters Breakingviews Commentary team will operate under\nthe Breakingviews brand. The separate stand-alone brand will allow\nReuters to continue to ensure that there remains a clear distinction\nbetween the organization's news service and commentary offering.\nBreakingviews will continue to represent the commentary and opinion\nof the author, while Reuters reporting will continue to represent the\ntraditional sourced news and analysis that has been its staple for\nmore than 150 years.\n\nThe combined Reuters Breakingviews commentary service w...