On Thursday, Thomson Reuters’ acquisition of legal research company Casetext for $650 million in cash became official, according to a press release. The definitive agreement for the acquisition, pending regulatory approval, was announced in late June.
“The acquisition supports Thomson Reuters ‘build, partner and buy’ strategy to bring generative AI solutions to its customers and the company’s efforts to redefine the future of professionals through applications of generative AI,” the release stated. “Our company has a successful track record of fueling growth and innovation through acquired businesses, partnerships and organic investments. We are thrilled to welcome the Casetext team to the Thomson Reuters family,” said Steve Hasker, president and CEO of TR, in the press release.
