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Thomson Reuters Sells Remaining Stake In London Stock Exchange For About $500 Mln
(RTTNews) - Thomson Reuters Corp. (TRI, TRI.TO) announced Wednesday that it and certain investment funds affiliated with Blackstone collectively sold 17.3 million London Stock Exchange Group plc (LSEG) shares that they co-own for a price of 91.50 British pounds per share.
The sale was conducted through a placement to institutional investors and an offer to retail investors. Following the settlement of the transaction, Thomson Reuters will no longer hold any interest in LSEG.
Of the shares sold, approximately 4.3 million shares were indirectly owned by Thomson Reuters. Upon the closing of the transaction, Thomson Reuters expects to receive pre-tax net proceeds of approximately $500 million.
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CNN, Reuters Launch Digital Paywalls
Global news organizations CNN, owned by media conglomerate Warner Bros. Discovery, as well as Thomson Reuters Corp. announced their plans to launch digital paywalls, with a view to developing new digital revenue streams aiming to support their work in journalism around the world. CNN, in an internal memo, said it is starting to ask some of its visitors to pay $3.99 a month for access...
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211 days ago
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Friday, adding to the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,200 level, with gains in iron ore miners, financial and energy stocks partially offset by weakness in gold miners and technology stocks.
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1h 2min ago
Asian Markets Track Wall Street Higher
Asian stock markets are mostly higher on Friday, following the positive cues from Wall Street overnight, amid optimism about possible trade deals, with US President Donald Trump saying he has "potential" trade deals with India, South Korea and Japan as well as expressed optimism about a resolution with China. Traders are also booking some profits following the recent upside in the markets.
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1h 23min ago
Sensex, Nifty Seen Higher At Open
Indian shares look set to open a tad higher on Friday as markets resume trading after a holiday on Thursday for Maharashtra Day.
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1h 43min ago
Thai Bourse May Reclaim 1,200-Point Level
Ahead of Thursday's Labor Day holiday, the Thai stock market had moved higher in four straight sessions, gathering more than 50 points or 4.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,200-point plateau and it's expected to tick higher again on Friday.
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2h 16min ago
Win Streak May Continue For Indonesia Stock Market
Ahead of Thursday's Labor Day holiday, the Indonesia stock market had moved higher in four straight sessions, advancing almost 160 points or 2.5 percent along the way. The Jakarta Composite Index now rests just beneath the 6,770-point plateau and it's tipped to open in the green again on Friday.
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2h 46min ago
Japanese Market Significantly Higher
Extending the gains in the previous six sessions, the Japanese market is significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving up to near the 36,900 level, with gains in index heavyweights, automakers and exporters partially offset by weakness in financial stocks.
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2h 50min ago
Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Friday, adding to the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,200 level, with gains in financial and energy stocks partially offset by weakness in gold miners and technology stocks.
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3h 10min ago
