Thomson Reuters in Talks With Blackstone to Sell Unit Stake

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Blackstone Group LP is in talks to buy a controlling stake in Thomson Reuters Corp.’s key business that provides data, analytics and trading platforms to Wall Street and financial professionals around the world.

Blackstone is in talks to buy about 55 percent of the business, according to a person familiar with the buyer. The unit, which doesn’t include the news gathering operations, has a valuation of about $20 billion, the person said, asking not to be identified because the financial details are confidential. The discussions are about a “potential partnership” in the financial and risk division, which had $6.1 billion in revenue in 2016, according to a statement late Monday from the Toronto, Canada-based Thomson Reuters.

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