EU antitrust regulators will decide by July 20 whether to clear US private equity firm Blackstone Group’s $20 billion acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit, a filing on the EU competition watchdog’s website showed on Monday.
Under the terms of the proposed deal, Thomson Reuters would retain a 45 % stake in the F&R business as part of a partnership with the US buyout firm, according to the sources.
The deal would be structured to pay more than $17 billion to Thomson Reuters, for a unit with an enterprise value – a measure of total value that includes equity and debt – of about $20 billion, two of the sources said.
The Commission can either clear the deal with or without concessions or it can open a full-scale investigation of about four months if it has serious concerns.
Full Content: Channel NewsAsia
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI