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Thomson Reuters sales rise 9%, raises outlook

Thomson Reuters sales rise 9%, raises outlook
FILE PHOTO: The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly/File Photo -
Andrew Kelly(Reuters)
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(Reuters) – Thomson Reuters Corp <TRI.TO> <TRI.N> on Thursday reported a 9% rise in quarterly sales compared to the same period a year ago, while also raising its forecasts for the next two years.

The news and information provider and parent of Reuters News reported second-quarter revenue of $1.42 billion (£1.17 billion), up from $1.31 billion a year ago as Thomson Reuters gained from payments it received from Refinitiv for its news service.

Thomson Reuters also said in a statement that it and private equity funds affiliated with Blackstone <BX.N> had agreed to sell Refinitiv to the London Stock Exchange <LSE.L> in an all share deal with an enterprise value of around $27 billion.

(Reporting by Pushkala Aripaka and Patrick Graham; Editing by Alexander Smith)

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