On July 16, Thomson Reuters rose 5.18% in regular trading, trading at $100.45/share with turnover of $120 million, extending gains from the prior session.
On the news front, the company announced a joint venture agreement to sell a 51% stake in its global print business to KKR for approximately $500 million, with the transaction expected to close in Q4. Thomson Reuters will retain 49% ownership while maintaining intellectual property rights and full editorial control over its content portfolio. The newly formed partnership will hold an exclusive license to distribute legal and tax materials through print channels and the ProView e-book platform. The company will also provide financial backing to guarantee KKR a minimum return on its equity contribution under specific conditions.
The divestiture of the low-growth print segment aligns with Thomson Reuters broader strategy of pivoting toward AI-driven digital services. Concurrently, the company is restructuring its workforce by eliminating up to 500 engineering positions while planning to add over 250 net-new senior and AI-native engineering roles over the next two years, accelerating its business model transformation.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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