KKR Takes Control of Thomson Reuters' Legal Print Business in $500M Deal
KKR sits 18% above its 52-week low of $82.67.
Summary
KKR is buying a 51% stake in Thomson Reuters' global legal print business for roughly $500 million, forming a joint venture that gives it control of a steady cash-flow asset. Thomson Reuters retains 49% and full editorial control, while the venture gets an exclusive license to distribute content in print and via the ProView e-book platform. The deal is not subject to financing conditions, only regulatory approvals. For KKR, this adds a predictable revenue stream in legal information, complementing its recent push into infrastructure and energy assets. The transaction is modest relative to KKR's $87B market cap but signals continued deal flow in specialized information services.
At the time of this announcement, KKR was trading at $97.21 on NYSE in the Finance sector, with a market capitalization of approximately $87.3B. The 52-week trading range was $82.67 to $153.87. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.