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Nasdaq OMX (NDAQ) agrees to buy Thomson Reuters' (TRI) Investor Relations, Public Relations, and...

Nasdaq OMX (NDAQ) agrees to buy Thomson Reuters' (TRI) Investor Relations, Public Relations, and Multimedia Solutions businesses for $390M in cash. Is Reuters raising cash to make a run at the Financial Times (PSO)? (PR)
Comments (1)
  • marpy
    , contributor
    Comments (694) | Send Message
     
    I will go out on a limn here. The Thomson Family (controlling share holders of TRI) already own the Globe and Mail which is Canada's equivalent of the Financial times. As such they are well aware of the perils of owning an old style news paper even if it is the dominant player in its market. Things are not a pretty picture at the Globe and Mail just like they are not at the Financial Times so do you really think that TRI wants to buy another money loosing paper? I would suspect that they are quietly hoping that Bloomberg buys this dog is it would soak up some of Bloomberg profits for years to come. Having said that - showing some interest to help get the selling price up - that would be a smart move to. My bet is that if sold it will be some rich billionaire, or Bloomberg who buys it. - Some one looking at the prestige factor and not overly worried about all the financial hits they will be taking or some one naive enough to think that they can turn this paper around and make money. JMO - Time will tell
    12 Dec 2012, 09:26 AM Reply Like
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