Thomson Reuters Signs Definitive Agreement To Acquire Full Ownership Of The Westlaw Japan Business; Following Closing Shin Nippon Will Be Strategic Partner; Closing Subject to Regulatory Approval And Expected In Q4 2023
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters (TSX:TRI) has announced a definitive agreement to acquire full ownership of the Westlaw Japan business, currently a joint venture with Shin Nippon. The deal is subject to regulatory approval and is expected to close in Q4 2023. Post-acquisition, Shin Nippon will continue to be a strategic partner for Westlaw Japan.
August 08, 2023 | 1:27 pm
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Thomson Reuters is set to acquire full ownership of Westlaw Japan, which could potentially strengthen its position in the Japanese legal information services market.
The acquisition of Westlaw Japan could potentially enhance Thomson Reuters' offerings and strengthen its position in the Japanese legal information services market. However, the deal is subject to regulatory approval and the impact will only be realized post-closing, expected in Q4 2023.
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