Thomson buys Reuters in multi-million euro deal

Canadian publisher Thomson Corp has agreed to buy Reuters for about 12.7 billion euros, creating the world’s biggest news and data group. The new group will have sales of around 12 billion euros and employ almost 49,000 people. The takeover still requires regulatory clearance and Reuters shares closed down amid concern that regulators could object to reduced competition in financial data.

But several Reuters investors have said they believe the Thomson offer is fair. Thomson and Reuters news and financial businesses will operate under the name Reuters.

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