Thomson Corp. undertook a massive transformation, selling off its Thomson Learning division for $7.8 billion and reaching a deal to acquire Reuters for $17.2 billion.
Thomson is based in Toronto and has its operational headquarters in Stamford, as does Thomson Learning.
If it receives regulatory approval, the company plans to rename itself Thomson-Reuters. The company did not immediately address the impact on jobs at Thomson, Reuters, and Thomson Learning.
Thomson announced last October its intent to sell Thomson Learning. The unit generated a $383 million operating profit last year on $2.4 billion in revenue, selling distance-learning systems, course- and test-preparation materials, and reference databases.
Thomson found a buyer in Apax Partners, a private equity firm with a New York office, and OMERS Capital Partners, a Toronto firm that invests assets of the Ontario Municipal Employees Retirement Board.
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