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Thomson Reuters in Definitive Agreement to Sell Intellectual Property Unit Including MarkMonitor

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Thomson Reuters to Sell Intellectual Property & Science Business to Onex and Baring Asia for $3.55 billion: The portfolio includes Web of Science, Thomson CompuMark, Thomson Innovation, MarkMonitor, Thomson Reuters Cortellis and Thomson IP Manager. Thomson Reuters expects to use about $1 billion of the net proceeds to buy back shares and the balance to pay down debt (primarily commercial paper) and reinvest in the business.

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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