KKR Takes 51% Stake in Thomson Reuters Print Unit for $500M
KKR sits 19% above its 52-week low of $82.67.
Summary
KKR is acquiring a 51% stake in Thomson Reuters' Global Print business for approximately $500 million, forming a joint venture where Thomson Reuters retains 49% and full editorial control. The deal gives KKR a controlling interest in a stable, cash-generating asset serving legal and tax professionals, with Thomson Reuters providing downside protection to ensure a minimum return on KKR's equity. This follows KKR's pattern of partnering with corporates to carve out non-core units, adding a predictable revenue stream to its portfolio. The transaction is expected to close in Q4 2026, pending regulatory approvals, and is not subject to financing conditions.
At the time of this announcement, KKR was trading at $98.00 on NYSE in the Finance sector, with a market capitalization of approximately $87B. The 52-week trading range was $82.67 to $153.87. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: PR Newswire.