October 27, 2021

Thomson Reuters $3-billion IP & Science Unit Said to Attract Bids From KKR, Advent

From Bloomberg:

Thomson Reuters Corp.’s sale of its Intellectual Property & Science division is set to attract bids from private equity firms KKR & Co. and Advent International, said people familiar with the matter.

The unit is also likely to attract bids from BC Partners and Cinven, as well as corporate buyers, said the people, who asked not to be identified because the information is private. The company could fetch about $3 billion in a sale, with the process set to start in April, the people said.

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About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.

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