Competition authorities in the U.S. and Europe on Tuesday approved Thomson Corp.'s $17.15 billion acquisition of rival news and data provider Reuters Group. The combination of Toronto-based Thomson and London-based Reuters will create the world's leading financial information company and eclipse Bloomberg as the top provider. The Department of Justice required the companies to sell copies of three financial data assets to address overlaps in business.
Thomson-Reuters Deal Wins Approval
February 20, 2008