Thomson Reuters to sell intellectual property, science business

Thomson Reuters Corp. yesterday announced it agreed to sell its intellectual property and science business to private-equity funds affiliated with Onex Corp. and Baring Private Equity Asia for $3.55 billion in cash.

The business's portfolio includes of Science, Thomson CompuMark, Thomson Innovation, MarkMonitor, Thomson Reuters Cortellis and Thomson IP Manager.

Thomson Reuters plans to use $1 billion of the proceeds to buy back shares and additional funds to pay off debt and invest in company operations.

Read more from The Wall Street Journal.