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Blackstone strikes $17B deal for Thomson Reuters data unit

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Blackstone agreed to pay $17.3 billion to buy a controlling stake in the financial terminals and data business of Thomson Reuters.

The move reportedly would make U.S. money manager Blackstone a direct competitor to Bloomberg.

The purchase would be the largest change to Thomson Reuters since it was formed in 2008 through the acquisition of London-based Reuters by Canada’s Thomson.

Read more from Financial Times.

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