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The company was founded in 1851 by Paul Julius Reuter in London as a business transmitting stock market quotations. [10] Reuter set up his "Submarine Telegraph" office in October 1851 and negotiated a contract with the London Stock Exchange to provide stock prices from the continental exchanges in return for access to London prices, which he then supplied to stockbrokers in Paris. [10]
On 15 May 2007, the Thomson Corporation reached an agreement with Reuters to combine the two companies, a deal valued at $17.2 billion. On 17 April 2008, the new company was created under the name of Thomson Reuters. The chief executive officer of Thomson Reuters is Jim Smith, and the chairman is David Thomson, formerly of the Thomson Corporation.
Clarivate [6] was formerly the Intellectual Property and Science division of Thomson Reuters.Before 2008, it was known as Thomson Scientific. [7] In 2016, Thomson Reuters struck a $3.55 billion deal in which they spun it off as an independent company, and sold it to private-equity firms Onex Corporation and Baring Private Equity Asia.
Formed in 1991 as an independent organization, the Innovative Users Group serves the libraries that use the company's software. The Innovative Users Group organizes an annual conference, organizes ballots for user-submitted enhancements, and maintains the IUG Clearinghouse for users to share tutorials, scripts, guides, and other resources created to better use the software.
The company was founded in 2018 as a subsidiary of Thomson Reuters, which then sold a 55% stake to Blackstone Group LP in August 2018. In October 2019, Blackstone and Thomson Reuters announced the sale of the company to London Stock Exchange Group. LSEG completed the US$27 billion purchase from the two previous owners in late January 2021, and ...
Thomson Reuters CEO: With changes to U.S. policy likely, here’s what to expect for AI in business and government Steve Hasker Updated November 18, 2024 at 8:12 AM
In January 2016, Intuit Inc. announced an agreement to sell Demandforce to Internet Brands. [49] In October 2024, Thomson Reuters announced it would sell online legal information provider FindLaw to Internet Brands. [50] The transaction was completed in December 2024. [51]
Reuters Group was best known for the Reuters news agency, which was the original business of the company. By the time of its acquisition by Thomson, the bulk of Reuters Group's revenues came from the provision of financial market data, with news reporting comprising less than 10% of its revenue. [1]