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@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.
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