BRIEF-Thomson Reuters To Sell 51% Stake In Global Print Business To KKR For $500 Million

KKR & Co
Thomson Reuters Corporation

KKR & Co

KKR

0.00

Thomson Reuters Corporation

TRI

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July 14 (Reuters) - Thomson Reuters TRI.TO, TRI.N:

  • CO AND KKR ANNOUNCE JOINT VENTURE FOR THOMSON REUTERS GLOBAL PRINT BUSINESS

  • TO SELL 51% STAKE IN GLOBAL PRINT BUSINESS TO KKR

  • TO RECEIVE $500 MILLION IN GROSS PROCEEDS, RETAIN 49% EQUITY INTEREST IN JV WITH KKR

  • TO MAINTAIN INTELLECTUAL PROPERTY RIGHTS AND FULL EDITORIAL CONTROL OVER CONTENT PORTFOLIO

  • TO PROVIDE CERTAIN FINANCIAL SUPPORT FOR MINIMUM RETURN TO KKR ON INVESTMENT IN JV

  • NEW JV WILL HOLD AN EXCLUSIVE LICENSE TO DISTRIBUTE CONTENT IN PRINT AND ON PROVIEW, GLOBAL PRINT'S EBOOK PLATFORM

Source text: ID:nPnb89JfVa

Further company coverage: TRI.TO TRI.N KKR.N


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