Thomson Reuters said it will use the bulk of the $17 billion proceeds from the transaction, estimated at $9 billion to $11 billion, to buy back shares in a bid/tender offer to all common shareholders on the close of the transaction.
Thomson Reuters said in a statement that "it is in advanced discussions with Blackstone regarding a potential partnership in its F&R business". The Canada Pension Plan Investment Board declined to comment.
Bloomberg had a 33.4% market share in 2016, compared with 23.1% for Thomson Reuters, according to Burton-Taylor International Consulting.
The Thomson Reuters board was due to vote on the proposed deal with Blackstone today.
Reuters was unable to determine who would lead the new division.
The company also said it would retain full ownership of its legal, tax and accounting and Reuters News businesses.
Thomson Reuters shares have retreated since October after third-quarter revenue missed analysts' estimates.
Blackstone, which already has business relationships with most of the major banks on Wall Street, bought a small financial information business, Ipreo, in 2014. Reuters is expected to continue to supply news to F&R's flagship desktop product, Eikon, as well as to other products, though the details of the arrangement could not be determined. "We believe F&R is well positioned within Thomson Reuters, but it could be even stronger with a partner like Blackstone".
Thomson Reuters is controlled by Woodbridge, a Canada-based holding company that manages the assets of the Thomson family. In 2016, it off-loaded its intellectual property and science division to Onex and Baring Private Equity Asia for $3.55bn.
The combined impact on suppliers that make the components for the iPhone X will run supposedly reach into the billions of dollars. The two LCD devices will likely sport a 5.7 to 5.8-inch and a 6.0 to 6.1-inch display, respectively.
For the first time ever, Facebook shared its Privacy Principles with its users in order to reach them with enhanced clarity. This means you decide what you share and who you share it with on Facebook, and you can change your mind.
Detroit's reserves actually outscored Oklahoma City's 64-25, but the Thunder's starters outscored Detroit's 96-44. Neither team is the same as it was on November 24, when the Pistons won at Oklahoma City 99-98.
There was also conclusive evidence that e-cigarettes can explode and cause burns and projectile injuries. The team exposed mice to e-cigarette smoke for three hours each day, five times a week for three months.
While in Davos, Switzerland, last week for the World Economic Forum, Trump again dismissed reports that he tried to fire Mueller. Mueller, and I'd be glad to pass it tomorrow", Graham told the ABC News "This Week" program.
Agnes sent a message to port authorities indicating that he was delaying his return because of thick fog. Quiksilver , which was founded in Australia, makes clothing for surfers and surfing aficionados.
The Kalma Airport on North Korea's eastern coast was the launch site for multiple midrange missile tests in 2016. " North Korea's reckless pursuit of nuclear missiles could soon threaten our homeland", Trump warned.
They said they are sure that anyone who knows the man will know him as they appealed for information on the "tragic" incident. Inquiries are still ongoing to find out of exactly how many people were in the vehicle , they said last night.
Falcon 9s have been used to deliver supplies to the International Space Station and to launch mysterious government payloads . SpaceX Concept image of a SpaceX Falcon Heavy rocket and Dragon spacecraft launching from Kennedy Space Center.
Either artist could make history and become the first rapper to win record of the year and the third to win album of the year. From sweeping wins to showstopping performances, these are the five moments you need to know about the 2018 Grammy Awards.
The European Commission announced past year that it had launched an investigation into Ikea 's tax deals in the Netherlands . Ingvar Kamprad , the founder of IKEA and Ikano, passed away, at his home in Småland, Sweden , on January 27.
Peacock pouts after United Airlines rejection
Beginning March 1, the airline will require passengers with service animals to submit paperwork two full days before flying. A woman was recently denied her emotional support animal when she attempted to fly on United Airlines , a peacock .
Chiefs agree to trade Alex Smith to Redskins
By trading him, the Chiefs will reap a $17 million savings and hand the keys to Patrick Mahomes as their new starting quarterback. Although Smith said he wishes he could be in control of his 2018 destiny, he hopes he'll be staying in Kansas City.
Melania 'blindsided' by porn star story
The first lady has not addressed any of the reports about her, her husband or Daniels and it's highly unlikely that she will. CNN notes she did not appear at two dinners hosted by her husband at Mar-a-Lago during a trip in mid-January.
Suns planning to pursue Pistons' Avery Bradley in free agency
Bradley, 27, has been bothered by a groin injury this season, which caused him to miss seven straight games earlier in the season. In a new environment on a playoff team, Bradley could rediscover his old form and give a contender a valuable perimeter defender.
Finns vote in presidential election
The election results reflect the broad support of the citizens of Finland for the course pursued by Niinisto, Putin said Monday. The former finance minister and parliament speaker has been a highly popular president since he took office in 2012.
A super blue blood moon set to appear Wednesday
Some parts of the United States will be treated to a lunar eclipse, making this the first lunar trifecta in 150 years. This phenomenon happens once every 29.5 days when the lunar cycle is ending and the Moon is opposing the Sun.
Janelle Monáe gives stirring Time's Up speech at Grammys
We're all the better for finally having Kesha back. "It's also about hoping everyone, even someone who hurt you, can heal". His name is Lukasz Sebastian Gottwald, a long-time producer for Sony Music more commonly known as " Dr.