Thomson Reuters Corporation Signs Definitive Agreement To Acquire Casetext, A California-Based Provider Of Technology For Legal Professionals, For $650M Cash
Portfolio Pulse from Happy Mohamed
Thomson Reuters Corporation (TSX:TRI) has signed a definitive agreement to acquire Casetext, a California-based provider of AI technology for legal professionals, for $650 million cash. The acquisition will complement Thomson Reuters' existing AI roadmap and build on its recent initiatives, including a commitment to invest over $100 million annually on AI capabilities.
June 27, 2023 | 2:14 am
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Thomson Reuters (TSX:TRI) is set to acquire Casetext for $650 million cash, enhancing its AI capabilities and product offerings for legal professionals.
The acquisition of Casetext will strengthen Thomson Reuters' AI capabilities and product offerings for legal professionals. This is expected to have a positive impact on the company's market potential and growth in the AI-driven legal technology sector.
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