Stephen E. Arnold: Onex and Baring Asia Buys Thomson Reuters Carcass

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Stephen E. Arnold
Stephen E. Arnold

Thomson Reuters: Selling at Peak Value?

I read “Thomson Reuters Announces Definitive Agreement to Sell its Intellectual Property & Science Business to Onex and Baring Asia for $3.55 billion.” Thomson Reuters has been working hard to pump up revenue and generate a juicy profit for its stakeholders. Like IBM, it seems that the best way to get a large, established company in gear is to sell assets. According to the write up, Thomson Reuters’ management thinks:

Read full post with chart.

Phi Beta Iota: Quite astonishing that Onex and Baring Asia has no idea that Thomson Reuters is dead and buried. Perhaps they don’t read a great deal. This announcement makes clear why  Thomson Reuters is not entertaining ideas for going from 1% of scientific knowledge to 100% — they are selling out while they can.

See Especially:

Robert Steele: Can Thomson Reuters [or Bloomberg] Be a $20B+ per Year World Brain?

See Also:

Thomson Reuters @ Phi Beta Iota