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Blackstone considers selling Thomson Reuters's FXall unit: Bloomberg

Sep. 26, 2018 9:07 AM ETBlackstone Inc. (BX) StockBXBy: Liz Kiesche, SA News Editor2 Comments
  • Once it's acquired Thomson Reuters's financial-and-risk unit, Blackstone Group (NYSE:BX) may sell FXall, a currency trading platform, Bloomberg reports, citing people familiar with the matter.
  • BX +1.2% in premarket trading.
  • The business could sell for more than $3B, said one of the people.
  • No decision has been made and Refinitiv, which will be the new name of the Thomson Reuters financial-and-risk business, could decide to keep FXall.
  • Thomson Reuters bought FXall in 2012 for about $620M.
  • Previously: Thomson Reuters, Blackstone to close Financial & Risk deal on Oct. 1 (Aug. 28)

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