Thomson Reuters to sell IP & science business for $3.55 bln

Mon Jul 11, 2016 6:38am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

July 11 (Reuters) - Thomson Reuters Corp said it agreed to sell its intellectual property & science business to private equity funds Onex Corp and Baring Private Equity Asia for $3.55 billion.

The company said on Monday it expects to use about $1 billion of the net proceeds to buy back shares and the rest to pay down debt. (Reporting by Arathy S Nair in Bengaluru;Editing by Sriraj Kalluvila)