Thomson Reuters Corporation ( ) is a Canadian multinational content-driven technology conglomerate. The company was founded in

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

, Ontario, Canada, and maintains its headquarters at 19 Duncan Street there. Thomson Reuters was created by the

Thomson Corporation Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organization and Thomson Newspapers. In 2008, it purchased Reuters Group to form Thomson Reut ...

's purchase of the British company

Reuters Group Reuters Group plc was a British multinational media and financial information company headquartered in London, United Kingdom. It was acquired by the Thomson Corporation in 2008, forming Thomson Reuters, and moved its head office to Toronto. ...

on 17 April 2008. It is majority-owned by

the Woodbridge Company The Woodbridge Company Limited is a Canadian private holding company based in Toronto, Ontario. It is the primary investment vehicle for members of the family of the late Roy Thomson. David W. Binet was the president and chief executive office ...

, a

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

for the Thomson family of Canada.

History

Thomson Corporation

The forerunner of the Thomson company was founded in 1934 by Roy Thomson in Ontario as the publisher of ''

The Timmins Daily Press The ''Timmins Daily Press'' is a newspaper in Timmins, Ontario, which publishes six days a week. It is notable as the first paper founded by press baron Roy Thomson in the 1930s, who would eventually own more than 200 newspapers including ''The ...

''. In 1953, Thomson acquired the ''

Scotsman Scottish people or Scots (; ) are an ethnic group and nation native to Scotland. Historically, they emerged in the early Middle Ages from an amalgamation of two Celtic peoples, the Picts and Gaels, who founded the Kingdom of Scotland (o ...

'' newspaper and moved to Scotland the following year. He consolidated his media position in Scotland in 1957, when he won the franchise for

Scottish Television Scottish Television (now legally known as STV Central Limited) is the ITV (TV network), ITV network franchisee for Central Belt, Central Scotland. The channel — the largest of the three ITV franchises in Scotland — has been in operation si ...

. In 1959, he bought the Kemsley Group, a purchase that eventually gave him control of the ''

Sunday Times ''The Sunday Times'' is a British Sunday newspaper whose circulation makes it the largest in Britain's quality press market category. It was founded in 1821 as ''The New Observer''. It is published by Times Newspapers Ltd, a subsidiary of N ...

''. He separately acquired the '' Times'' in 1967. He moved into the airline business in 1965, when he acquired

Britannia Airways Britannia Airways Limited was a charter airline based in the United Kingdom. It was founded in 1961 as Euravia (London) Limited and became the world's largest holiday airline. Britannia's main bases were at London Gatwick, London Stansted, Lo ...

, and into oil and gas exploration in 1971, when he participated in a consortium to exploit reserves in the

North Sea The North Sea lies between Great Britain, Denmark, Norway, Germany, the Netherlands, Belgium, and France. A sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Se ...

. Following the death of Thomson, the company withdrew from national newspapers and broadcast media, selling the ''Times'' and the ''Sunday Times'' to

Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian - American retired business magnate, investor, and media mogul. Through his company News Corp, he is the owner of hundreds of List of assets owned by News Corp, local, national, a ...

News International News Corp UK & Ireland Limited (trading as News UK, formerly News International and NI Group) is a List of newspapers in the United Kingdom, British newspaper publisher, and a wholly owned subsidiary of the American mass media Conglomerate (c ...

in 1981, and instead moved into publishing, buying

Sweet & Maxwell Sweet & Maxwell is a British publisher specialising in legal publications. It joined the Associated Book Publishers in 1969; ABP was purchased by the International Thomson Organization in 1987, and is now part of Thomson Reuters. Its British ...

in 1988. The company at this time was known as the

International Thomson Organization International Thomson Organization (ITO) was a Canadian holding company that was active from 1978 to 1989, with interests in publishing, travel, and natural resources. It was created as a part of a corporate restructuring of the Thomson Organizat ...

Ltd (ITOL).The Thomson Corporation History
''FundingUniverse''. In 1989, ITOL merged with Thomson Newspapers, forming the Thomson Corporation. In 1996, the Thomson Corporation acquired

West Publishing West (also known by its original name, West Publishing) is a business owned by Thomson Reuters that publishes legal, business, and regulatory information in print, and on electronic services such as Westlaw. Since the late 19th century, West has ...

, a purveyor of legal research and services (including

Westlaw Westlaw is an Computer-assisted legal research, online legal research service and proprietary database for lawyers and legal professionals available in over 60 countries. Information resources on Westlaw include more than 40,000 databases of ca ...

Reuters Group

The company was founded in 1851 by

Paul Julius Reuter Paul Julius Reuter (born Israel Beer Josaphat; 21 July 1816 – 25 February 1899), later ennobled as Freiherr von Reuter (Baron von Reuter), was a German-born British entrepreneur who was a pioneer of telegraphy and news reporting.

in London as a business transmitting stock market quotations. Reuter set up his "Submarine Telegraph" office in October 1851 and negotiated a contract with the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

to provide stock prices from the continental exchanges in return for access to London prices, which he then supplied to stockbrokers in Paris. In 1865, Reuters in London was the first organization to report the assassination of

Abraham Lincoln Abraham Lincoln (February 12, 1809 – April 15, 1865) was the 16th president of the United States, serving from 1861 until Assassination of Abraham Lincoln, his assassination in 1865. He led the United States through the American Civil War ...

. The company was involved in developing the use of

radio Radio is the technology of communicating using radio waves. Radio waves are electromagnetic waves of frequency between 3 hertz (Hz) and 300 gigahertz (GHz). They are generated by an electronic device called a transmitter connec ...

in 1923. It was acquired by the British National & Provincial Press in 1941, and it first listed on the London Stock Exchange in 1984. Reuters began to grow rapidly in the 1980s, widening the range of its business products and expanding its global reporting network for media, financial and economic services. Key product launches included Equities 2000 (1987),

Dealing 2000-2 D2000-2 or Reuters Dealing 2000-2 was a software system designed by Reuters for foreign exchange trading. This electronic trading platform, automated electronic trading system allowed a dealer to enter buy and/or sell prices directly into the sy ...

(1992), Business Briefing (1994), Reuters Television for the financial markets (1994), 3000 Series (1996) and the

Reuters 3000 Xtra Reuters 3000 Xtra was an electronic trading platform which was released by Reuters in 1999 and supported until the end of 2013. It was typically used by professional traders and financial analysts in trading rooms. It was superseded by the Eik ...

service (1999).

Thomson acquisition of Reuters

The Thomson Corporation acquired Reuters Group plc to form Thomson Reuters on 17 April 2008. Thomson Reuters operated under a

dual-listed company A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs a ...

("DLC") structure and had two parent companies, both of which were publicly listed — Thomson Reuters Corporation and Thomson Reuters plc. In 2009, it unified its dual listed company structure and stopped its listing on the London Stock Exchange and

NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

. it was listed only as Thomson Reuters Corporation on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

and

Toronto Stock Exchange The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

(symbol: TRI). On February 13, 2025, the company announced that it would switch its US stock listing to the

Nasdaq Global Select Market The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

later that month. The company ceased trading on the NYSE at market close on February 24, 2025, and commenced trading as a Nasdaq-listed security on February 25, 2025. Thomson Reuters was ranked first in Interbrand's 2010 ranking of Canadian corporate brands. In February 2013, Thomson Reuters announced it would cut 2,500 jobs to cut costs in its legal, financial and risk divisions. In October 2013, Thomson Reuters announced it would cut another 3,000 jobs, mostly in those same three divisions.

Market position and Thomson Reuters merger antitrust review

The Thomson-Reuters merger transaction was reviewed by the

U.S. Department of Justice The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the U.S. government that oversees the domestic enforcement of federal laws and the administration of justice. It is equi ...

and by the

European Commission The European Commission (EC) is the primary Executive (government), executive arm of the European Union (EU). It operates as a cabinet government, with a number of European Commissioner, members of the Commission (directorial system, informall ...

. On 19 February 2008, both the Department of Justice and the Commission cleared the transaction subject to minor divestments. The Department of Justice required the parties to sell copies of the data contained in the following products: Thomson's WorldScope, a global fundamentals product; Reuters Estimates, an earnings estimates product; and Reuters Aftermarket (Embargoed) Research Database, an analyst research distribution product. The proposed settlement further requires the licensing of related intellectual property, access to personnel, and transitional support to ensure that the buyer of each set of data can continue to update its database so as to continue to offer users a viable and competitive product. The European Commission imposed similar divestments: according to the commission's press release, "the parties committed to divest the databases containing the content sets of such financial information products, together with relevant assets, personnel and customer base as appropriate to allow purchasers of the databases and assets to quickly establish themselves as a credible competitive force in the marketplace in competition with the merged entity, re-establishing the pre-merger rivalry in the respective fields." These remedies were viewed as very minor given the scope of the transaction. According to the ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'', "the remedy proposed by the competition authorities will affect no more than $25m of the new Thomson Reuters group's $13bn-plus combined revenues." The transaction was cleared by the Canadian Competition Bureau. In November 2009, the European Commission opened formal antitrust proceedings against Thomson Reuters concerning a potential infringement of the EC Treaty's rules on abuse of a dominant market position (Article 82). The Commission investigated Thomson Reuters' practices in the area of real-time market datafeeds, and particularly, whether customers or competitors were prevented from translating Reuters Instrument Codes (RICs) to alternative identification codes of other datafeed suppliers (so-called 'mapping') to the detriment of competition. In December 2012, the European Commission adopted a decision that renders legally binding the commitments offered by Thomson Reuters to create a new licence ("ERL") allowing customers, for a monthly fee, to use Reuters Instrument Codes (RICs) in applications for data sourced from Thomson Reuters' real time consolidated datafeed competitors to which they have moved.

Reuters purchase process

Historically, no single individual has been permitted to own more than 15% of Reuters, under the first of the Reuters Principles, which states, "Reuters shall at no time pass into the hands of any one interest, group or faction." However, that restriction was waived for the purchase by Thomson, whose family holding company, the Woodbridge Company currently owns 53% of the enlarged business. Robert Peston, business editor at

BBC News BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broad ...

, stated that this has worried Reuters journalists, both because they are concerned that Reuters' journalism business will be marginalized by the financial data provision business of the combined company, and because of the threat to Reuters's reputation for unbiased journalism by the appearance of one majority shareholder.

Pehr Gyllenhammar Pehr Gustaf Viktor Gyllenhammar (23 April 1901 – 22 November 1988) was a Swedish insurance company executive. He completed a law degree from Stockholm University in 1925, and became CEO of the insurance company Svenska Skeppshypotekskassan (th ...

, Chairman of the Reuters Founders Share Company, explained that the Reuters Trust's First Principle had been waived for the Thomson family because of the poor financial circumstances that Reuters had been in, stating, "The future of Reuters takes precedence over the principles. If Reuters were not strong enough to continue on its own, the principles would have no meaning." He stated, not having met David Thomson but having discussed the matter with Geoff Beattie, the president of Woodbridge, that the Thomson family had agreed to vote as directed by the Reuters Founders Share Company on any matter that the trustees might deem to threaten the five principles of the Reuters Trust. Woodbridge will be allowed an exemption from the First Principle as long as it remains controlled by the Thomson family.

Commercial products and activities

Operations

The chief executive of the combined company is Steve Hasker, who was the chief executive for the professional division, and the chairman is David Thomson. In 2018, the company was organized around four divisions: Legal, Reuters News Agency, Tax & Accounting, and Government. Former divisions: Intellectual Property & Science, Financial & Risk, Thomson Healthcare, and Scholarly &

Scientific Science is a systematic discipline that builds and organises knowledge in the form of testable hypotheses and predictions about the universe. Modern science is typically divided into twoor threemajor branches: the natural sciences, which stu ...

Research. As of 2018, the Financial & Risk division makes for over half of the company's revenue. Thomson Reuters competes with

Bloomberg L.P. Bloomberg L.P. is an American privately-held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Ze ...

, in aggregating financial and legal news. Thomson Reuters subscriptions compete with

open access Open access (OA) is a set of principles and a range of practices through which nominally copyrightable publications are delivered to readers free of access charges or other barriers. With open access strictly defined (according to the 2001 de ...

alternatives, accessible through

open data Open data are data that are openly accessible, exploitable, editable and shareable by anyone for any purpose. Open data are generally licensed under an open license. The goals of the open data movement are similar to those of other "open(-so ...

and

open source Open source is source code that is made freely available for possible modification and redistribution. Products include permission to use and view the source code, design documents, or content of the product. The open source model is a decentrali ...

aggregators such as

Unpaywall OurResearch, formerly known as ImpactStory, is a nonprofit organization that creates and distributes tools and services for libraries, institutions and researchers. The organization follows open practices with their data (to the extent allowed b ...

, which can help counter the increase in subscription costs (+779% in the 1995–2015 period vs. 58% for the

consumer price index A consumer price index (CPI) is a statistical estimate of the level of prices of goods and services bought for consumption purposes by households. It is calculated as the weighted average price of a market basket of Goods, consumer goods and ...

Merative

In 2012, Thomson Reuters sold its Healthcare division to

Veritas Capital Veritas Capital Fund Management, L.L.C. is a New York–based private-equity firm founded in 1992 that invests in companies providing critical products and services, primarily technology-enabled products and services, to government and commercial ...

, who renamed the business

Truven Health Analytics Merative L.P., formerly IBM Watson Health, is an American medical technology company that provides products and services that help clients facilitate medical research, clinical research, real world evidence, and healthcare services, through the ...

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

Corporation acquired Truven Health Analytics on February 18, 2016, and merged it with IBM's Watson Health unit. On June 30, 2022, Francisco Partners announced the completion of acquiring Watson Health and launched a healthcare data company named Merative.

Clarivate

Clarivate Clarivate Plc is a British-American Public company, publicly traded analytics company that operates a collection of subscription business model, subscription-based services, in the areas of bibliometrics and scientometrics; business intelligenc ...

was formerly the Intellectual Property and Science division of Thomson Reuters. Before 2008, it was known as Thomson Scientific. In 2016, Thomson Reuters struck a $3.55 billion deal in which they spun it off as an independent company, and sold it to private-equity firms

Onex Corporation Onex Corporation is a Canadian investment management firm founded by Gerry Schwartz in 1984. In September 2024, it had $50 billion dollars under management. History Schwartz founded Onex in 1984 and took the company public in 1987. In Jun ...

and

Baring Private Equity Asia Baring Private Equity Asia (BPEA) was an Asian investment firm headquartered in Hong Kong. It was founded in 1997 as an affiliate of Barings Bank before becoming an independent firm in 2000. In 2022, it was acquired by EQT AB to act as its Asia ...

Acquisitions and divestitures

In 1998, Reuters Group plc acquired Lipper Analytical as a wholly owned subsidiary. Lipper became part of Thomson Reuters in April 2008, following the merger of Thomson Financial and Reuters. (The Lipper Fiduciary Services and Lipper FMI was purchased by Broadridge Financial Solutions in May 2015.) The company has been highly acquisitive, completing over 200 acquisitions between 2008 and 2018. In 2009, Thomas Reuters acquired numerous companies, including data mining provider Streamlogics,

tick Ticks are parasitic arachnids of the order Ixodida. They are part of the mite superorder Parasitiformes. Adult ticks are approximately 3 to 5 mm in length depending on age, sex, and species, but can become larger when engorged. Ticks a ...

data company Vhayu Technologies, European PR distribution group Hugin Group, Breaking Views, and

Deloitte Deloitte is a multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along wi ...

's Abacus corporate taxation software. That year, the company also sold the ''

Physician's Desk Reference The ''Physicians' Desk Reference'' (''PDR''), renamed ''Prescriber's Digital Reference'' after its physical publication was discontinued, is a compilation of manufacturers' prescribing information ( package insert) on prescription drugs, updated ...

'' to

Lee Equity Partners Lee Equity Partners is an American private equity firm focused on growth capital investments in middle-market companies across a range of industries. History The firm is based in New York City and it was founded in 2006 by Thomas H. Lee, the n ...

. In 2010, Thomas Reuters acquired Discovery Logic, Aegisoft LLC (allowing them to offer

direct market access Direct market access (DMA) in financial markets is the electronic trading infrastructure that gives investors wishing to trade in financial instruments a way to interact with the order book of an exchange. Normally, trading on the order book i ...

), Super Lawyers, Norwegian trading analytics company Point Carbon A/S, and Brazilian legal publisher Revista dos Tribunais. Acquisitions in the second half of the year included Complinet, Seregenti Law, Pangea3, GeneGo, and Highline Financial. Others include: * On 20 June 2011, Thomson Reuters acquired CorpSmart from Deloitte. * On 18 July 2011, it acquired Manatron from

Thoma Bravo Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago, Illinois. It is known for being particularly active in acquiring enterprise software companies and has over $130billion in assets under management . It ...

. In August, Thomson Reuters acquired GFMS. * On 8 December 2011, Thomson Reuters acquired Emochila, a website development firm founded by Chad Brubaker and Justin Curzi in the tax and accounting space, in order to further integrate its CS suite of products onto a cloud-based platform. * In January 2012, Thomson Reuters acquired Dr Tax, which, according to its press release, was "Canada's largest independently owned developer of income tax software for accounting firms and consumers." Dr Tax's product line includes DT MAX, a tax compliance software for accounting firms, and its consumer

tax preparation software Tax preparation is the process of preparing tax returns, often income tax returns, often for a person other than the taxpayer, and generally for compensation. Tax preparation may be done by the taxpayer with or without the help of tax preparation s ...

, UFile and ImpôtExpert. * In February, the company acquired RedEgg, a provider of media intelligence services for public relations and marketing professionals. On 22 March, it acquired BizActions, a digital newsletter and Web marketing providers for accounting firms in North America * On 8 June 2012, Apsmart, a London-based company specializing in design and development of mobile services, became the next organization to be acquired. * On 25 June 2012, Reuters obtained Zawya Limited, a regional provider of business intelligence and unique tools for financial professionals in the Middle East and North Africa . * On 10 July 2012, Thomson Reuters acquired FX Alliance Inc, an independent provider of electronic foreign exchange trading services to corporations and asset managers. * In July, it also acquired Dofiscal * On 26 July 2012, Thomson Reuters announced acquisition of MarkMonitor, a San Francisco-based company specializing in internet brand protection software and services. * On 3 January 2013, Thomson announced that it was to acquire Practical Law Company, the London-based provider of practical legal know-how and workflow tools to law firms and corporate law departments. Practical Law Company has more than 750 employees, with principal operations in London and New York, and will be part of the Legal business of Thomson Reuters. * On 16 April 2013, Thomson Reuters acquired Select TaxWorks Assets of RedGear Technologies. * On 6 June 2013, Thomson Reuters acquired , a provider of OTC Derivatives Pricing Analytics and independent valuation. * On 2 July 2013, Thomson Reuters acquired the foreign exchange options business of Tradeweb. * On 16 August 2013, Thomson Reuters acquired the foreign exchange options risk management technology provider SigmaGenix. * On 18 August 2013, Thomson Reuters acquired a majority stake in Omnesys Technologies and acquired completely the company on 16 September 2013 * In August 2013, it also acquired WeComply. * On 10 September 2013, Thomson Reuters acquired the CPE and CPA Division of Bisk Education Inc and Kortes. * On 23 October 2013, Thomson Reuters acquired

Entagen Entagen is an American software company founded in 2008 by Christopher Bouton. It develops software for big data integration and analytics. Entagen was purchased by Thomson Reuters in 2013. History Entagen was founded by Christopher Bouton in 2 ...

, acquiring the Cortellis family of products for drug pipeline, deals, patents, and company content. * On 10 December 2013, Thomson Reuters acquired Avedas. * In February 2014, Thomson Reuters acquired Brazil's Domínio Sistemas, a company focused on developing accounting services. * On 1 July 2014, Thomson Reuters acquired

UBS UBS Group AG (stylized simply as UBS) is a multinational investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the ...

Convertible Indices. * In October 2014, Thomson Reuters sold its PE/VC media assets (including PEHub and ''

Venture Capital Journal ''Venture Capital Journal'' (''VCJ'') is a monthly glossy magazine that covers investment trends, financing techniques and news from across the Venture Capital industry. The magazine, founded in 1961, focuses on venture capital and features expe ...

'') to UCG. * In January 2015, Thomson Reuters acquired K'Origin. * In September 2015, Thomson Reuters acquired Business Integrity Ltd. * In April 2016, Thomson Reuters acquired Wm Reuters Foreign Exchange benchmarks from State Street Corporation. * In July 2016, Thomson Reuters announced it would be selling its Intellectual Property and Science business (including

Web of Science The Web of Science (WoS; previously known as Web of Knowledge) is a paid-access platform that provides (typically via the internet) access to multiple databases that provide reference and citation data from academic journals, conference proceedi ...

, MarkMonitor and

EndNote EndNote is a commercial reference management software package, used to manage bibliography, bibliographies and Citation, references when writing essays, reports and articles. EndNote was written by Richard Niles, and ownership changed hands se ...

) to

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

funds; the newly independent business is

Clarivate Analytics Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business and market intelligence, and competitive profiling ...

. * In January 2017, Thomson Reuters acquired REDI allowing Thomson Reuters to incorporate an advanced, cross-asset execution management system (EMS) into its buy-side trading capabilities and deliver integrated trading workflow services to the buy-side community. * In March 2017, Thomson Reuters acquired the Avox and Clarient businesses from DTCC. * In January 2018, Thomson Reuters announced it was divesting its financial and risk unit to U.S. private equity firm, the

Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman ...

. Thomson Reuters will retain 45% of the divested unit, keep the Reuters brand, and will continue to deliver Reuters news and editorial content to the new divested unit. The joint venture is branded as

Refinitiv LSEG Data & Analytics, formerly Refinitiv, is an American-British global provider of financial market data and infrastructure. The company was founded in 2018 as a subsidiary of Thomson Reuters, which then sold a 55% stake to Blackstone Group L ...

. David Thomson was said to oppose the deal. The transaction was approved by the EU commission on 23 July 2018. The Lipper Fund Awards, retained from the company's 1998 acquisition of Lipper Analytical, also transferred from Reuters to Refinitiv. * In October 2018, Thomson Reuters announced the future acquisition of Integration Point, a global trade management (GTM) operations company. * In November 2019, the company acquired global legal market research analyst firm Acritas. * In April 2022, Thomson Reuters acquired Gestta Technology Ltda, an accounting automation software, formerly part of the Redspark Group. * On 3 January 2023, Thomson Reuters acquired SurePrep, a US-based leader in 1040 tax automation software and services. On 11 November 2022, Thomson Reuters announced that it had reached a definitive agreement to acquire SurePrep for $500 million in cash. * In June 2023, Thomson Reuters agreed to acquire Casetext, a provider of AI technology for legal professionals, in an all-cash deal worth $650million. The acquisition was completed in August 2023. * In October 2024, Thomson Reuters announced it was selling its

FindLaw FindLaw is a business of Internet Brands that provides online legal information in the form of state laws, case law and codes, legal blogs and articles, a lawyer directory, DIY legal services and products, and other legal resources. The compa ...

business to

Internet Brands MH Sub I, LLC d/b/a Internet Brands is a digital media, marketing services, and software company based in El Segundo, California, United States, that operates online media, community, e-commerce, and SaaS businesses in vertical markets. Its ...

for an unknown amount. * In January 2025, Thomson Reuters acquired U.S. tax filing software SafeSend for $600M.

Sponsorships

Thomson Reuters has sponsored Canadian golf champion

Mike Weir Michael Richard Weir, (born May 12, 1970) is a Canadian professional golfer. He currently plays on the PGA Tour Champions. He spent over 110 weeks in the top-10 of the Official World Golf Ranking between 2001 and 2005. He plays golf left-hande ...

and the

Williams Grand Prix Engineering Williams Racing, legally known as Williams Grand Prix Engineering Limited and competing as Atlassian Williams Racing, is a British Formula One team and constructor. It was founded by Frank Williams (Formula One), Frank Williams (1942–2021) ...

Formula One Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one ...

team. It also sponsors

Marketplace A marketplace, market place, or just market, is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a ''souk'' (from ...

, a radio show from

American Public Media American Public Media (APM) is an American company that produces and distributes public radio programs in the United States, the second largest company of its type after NPR. Its non-profit parent, American Public Media Group, also owns and o ...

. Thomson Reuters, among other media corporations, also donated hundreds of thousands of dollars to the

Clinton Foundation The Clinton Foundation (founded in 2001 as the William J. Clinton Presidential Foundation, and renamed in 2013 as the Bill, Hillary & Chelsea Clinton Foundation) is a nonprofit organization under section 501(c)(3) of the U.S. tax code. It was e ...

Involvement in surveillance

Thomson Reuters owns and operates the Consolidated Lead Evaluation and Reporting (CLEAR) database, which scrapes personal and identifying data for use in law enforcement, corporate security, and fraud investigations. Per the company's marketing, CLEAR compiles public records, phone records, utility records, social media information,

credit history A credit history is a record of a borrower's responsible repayment of debts. A credit report is a record of the borrower's credit history from a number of sources, including banks, credit card companies, collection agencies, and governments. A bo ...

, motor vehicle registration data, and automatic license plate reader scans to create files on its subjects. CLEAR has been the subject of numerous lawsuits alleging invasions of privacy and other violations of civil liberties. In November 2019, two groups of legal scholars and

human rights activists A human rights defender or human rights activist is a person who, individually or with others, acts to promote or protect human rights. They can be journalists, environmentalists, whistleblowers, trade unionists, lawyers, teachers, housing campai ...

called on Thomson Reuters to cease providing

U.S. Immigration and Customs Enforcement The United States Immigration and Customs Enforcement (ICE; ) is a Federal law enforcement in the United States, federal law enforcement agency under the United States Department of Homeland Security. ICE's stated mission is to protect the Un ...

and

Palantir Technologies Palantir Technologies Inc. is an American publicly traded company that specializes in software platforms for big data analytics. Headquartered in Denver, Colorado, it was founded by Peter Thiel, Stephen Cohen, Joe Lonsdale, and Alex Karp in 2 ...

access to information through CLEAR, which has enabled the

deportation Deportation is the expulsion of a person or group of people by a state from its sovereign territory. The actual definition changes depending on the place and context, and it also changes over time. A person who has been deported or is under sen ...

illegal immigrants Illegal immigration is the migration of people into a country in violation of that country's immigration laws, or the continuous residence in a country without the legal right to do so. Illegal immigration tends to be financially upward, wi ...

. A company representative replied that Thomson Reuters will help the American government and police in active criminal investigations and against threats to national security or public safety. In February 2020, a group of Thomson Reuters shareholders criticized the company's involvement with

ICE Ice is water that is frozen into a solid state, typically forming at or below temperatures of 0 ° C, 32 ° F, or 273.15 K. It occurs naturally on Earth, on other planets, in Oort cloud objects, and as interstellar ice. As a naturally oc ...

for immigrant tracking. In 2020, three Reuters investigative journalists, Raphael Satter, Christopher Bing and Jack Stubbs, who were conducting an investigation about a hack-for-hire company based in India, forcefully took a photograph of Kumar, a small scale Indian herbal businessman, for alleged hacker Sumit Gupta of Belltrox. Despite providing identification showing he was not the alleged hacker, Kumar's image was used by one of the three journalists in their story. As a result, the businessman was questioned by the police, suffered reputation damage and business loss, and later relocated to a small town. Reuters later admitted to an error of mistaken identity caused by the businessman's sharing of same address with the alleged hacker.

References

External links

* {{authority control Financial services companies established in 2008 Companies listed on the Nasdaq Companies formerly listed on the London Stock Exchange Companies formerly listed on the New York Stock Exchange Companies listed on the Toronto Stock Exchange Mass media companies of Canada Financial data vendors Bibliographic database providers S&P/TSX 60 2008 establishments in Ontario Canadian companies established in 2008 Mass media companies established in 2008 Multinational companies headquartered in Canada Family-owned companies of Canada Companies based in Toronto Former dual-listed companies