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:
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.