Tuesday, May 15, 2007

Reuters-Thomson Deal

I’m still waiting for the result and Reuters and Thomson have agreed to an £8.7 billion (US$17.2 billion) takeover deal to create the biggest financial information provider, surpassing Bloomberg.

As reported by the Daily Telegraph, Reuters’ chief executive Tom Glocer, who will become the chief executive of the new combined business, said that there will “inevitably be some realignment where we have people doing the same thing.” According to the latest issue of The Economist, Credit Suisse sees a 60% chance for the deal to be approved.

Would it affect my life in any way?

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