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Thomson Reuters Makes Offer to Acquire Breakingviews

Thomson Reuters (www.thomsonreuters.com) confirmed that it has made a formal offer to acquire a global financial insight commentary business, Breakingviews (www.breakingviews.com). This offer (for an undisclosed sum) has been accepted by Breakingviews' directors, who are unanimously recommending the offer to their shareholders. The transaction is expected to be complete within 8 weeks.

Breakingviews will be managed by the Reuters news organization. The acquisition is designed to further enhance and build upon Reuters own fast-growing global commentary service. In 2008 Reuters established an international commentary team, which has become a highly valued part of Reuters' global, multimedia news and information offering.

The combined Reuters Breakingviews commentary team will operate under the Breakingviews brand. The separate stand-alone brand will allow Reuters to continue to ensure that there remains a clear distinction between the organization's news service and commentary offering. Breakingviews will continue to represent the commentary and opinion of the author, while Reuters reporting will continue to represent the traditional sourced news and analysis that has been its staple for more than 150 years.

The combined Reuters Breakingviews commentary service will be made exclusively available to Thomson Reuters premium desktop clients immediately following the closing of the transaction. Thomson Reuters also intends to build on Breakingviews' syndication relationships with many of the world's leading newspapers.

Source: Thomson Reuters