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Wednesday, 20th February 2008

Thomson and Reuters get approval to merge

From the AP article:

Regulators have signed off on a deal that will create an enormous supplier of financial news and information, giving their blessing to a combination of Thomson and Reuters as long as the companies help other parties compete in the arena of financial database services.

The U.S. Department of Justice, as well as regulatory authorities in Europe and Canada, where Thomson is based, cleared Thomson's purchase of Reuters on Tuesday as long as the two parties sell copies of four databases that provide earnings estimates, economic information and other data to investors.


The four databases for which copies will be sold are Reuters Estimates, Reuters Aftermarket Research, Reuters Economics (also known as EcoWin) and Thomson Fundamentals.


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