Thomson Reuters Enters Into Definitive Agreement To Sell FindLaw Business To Internet Brands Pending Regulatory Approvals; Transaction Is Expected To Close In Q4 Of 2024, Pending Regulatory Approvals; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters has agreed to sell its FindLaw business to Internet Brands, with the transaction expected to close in Q4 2024 pending regulatory approvals. No financial terms were disclosed.
October 03, 2024 | 8:06 pm
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Thomson Reuters is selling its FindLaw business to Internet Brands, with the deal expected to close in Q4 2024, pending regulatory approvals. This move allows Thomson Reuters to focus on its strategic priorities.
The sale of FindLaw allows Thomson Reuters to concentrate on its core strategic priorities, which could positively impact its stock by streamlining operations and potentially improving financial performance. The transaction is pending regulatory approval, which adds some uncertainty.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90