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Weekly News Digest

May 14, 2007 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

CLICK HERE to view more Weekly News Digest items.

The Thomson Corp. in Talks to Acquire ReutersóDeveloping Story

The Thomson Corp. (www.thomson.com) said it is in talks to acquire Reuters (www.reuters.com) for about $17.6 billion. The enlarged group would be called Thomson-Reuters, and the combined Thomson Financial unit and Reuters financial and media businesses would be called Reuters. According to a statement, the boards of the two companies "believe there is a powerful and compelling logic for the combination which would create a global leader in the business-to-business information markets." The companies emphasized that the "discussions are at a stage where there can be no assurance that agreement will be reached. No transaction will be announced without the support of the Reuters Founders Share Company."

If the deal goes through, Thomson president and CEO, Richard J. Harrington, 60, who led the transformation of the company from traditional publishing to electronic solutions, software, and services, would retire. Reuters’ CEO, Tom Glocer, 47, would become CEO of the combined company at that time. Stay tuned …Source: The Thomson Corp.



Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli
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