The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Thomson Reuters Closer To Buying Breakingviews?

  • Comments Comments (View)
  • Text Size: A A

Thomson Reuters (NSDQ: TRIN) is closer to a deal to buy U.K.-based financial news site Breakingviews.com, according to The Sunday Times. The Times cites unidentified sources inside Thomson Reuters that put the deal price at about $14 million (£10 million). News that the two companies were first negotiating a sale leaked back in July; though neither would confirm. Breakingviews declined comment today; we have not yet heard back from TR.

SEE ALSO: Report: Breakingviews In Talks With Reuters To Sell

Founder Hugo Dixon would walk away with about $3.9 million (£2.7 million), according to the Times. Next in line would be Roland Rudd; a senior partner at London-based financial services PR firm Finsbury, Rudd stands to make about $2 million (£1.4 million) from the deal. Other investors include a number of prominent U.K. financial and political figures, including trade minister Lord Davies and Stephen Hester, CEO of the Royal Bank of Scotland; the WSJ also has a small stake in Breakingviews.com.

Sep 20, 2009 12:30 PM ET

Ning Money Burn Photo: Flickr/purpleslog


Posted In: Media & Publishing, Online News, Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Nanopublishing, Companies, Reuters, breakingviews, thomson reuters

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

iTunes Songs iTunes Songs
1. Somebody That I Used to Know (feat.…
2. Titanium (feat. Sia)
3. Wild Ones (feat. Sia)
4. Domino
5. Alone Again (UK Radio Edit)
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff