BLACKSTONE BUYING THOMSON REUTERS UNIT

A group led by PE giant Blackstone will buy 55 per cent stake in Thomson Reuters’ financial and risk unit for $ 17 billion. Post the deal, it will become a privately held firm valued at $ 20 billion, including debt, while the current owners will hold 45 per cent equity stake in it. Other co- investors include Canada Pension Plan Investment Board and Singapore’s GIC Pte.