Prime Highlights
- Thomson Reuters will receive around $500 million and retain 49% equity in the new joint venture with KKR.
- Thomson Reuters keeps full editorial control and intellectual property rights over its content portfolio.
Key Facts
- Thomson Reuters is a global provider of trusted content and technology for legal, tax, and compliance professionals.
- The transaction is expected to close in the fourth quarter of 2026, pending regulatory approval.
Background
Thomson Reuters Corporation has signed a definitive agreement to set up a joint venture with the global investment firm KKR. Under this arrangement, they are selling a 51% stake in their Global Print business
Under the deal, Thomson Reuters will receive approximately $500 million in gross proceeds at closing and retain a 49% equity interest in the new joint venture. The company will keep intellectual property rights and full editorial control over its content portfolio. The joint venture will hold an exclusive license to distribute content in print and through ProView, Global Print’s eBook platform.
Thomson Reuters’ Global Print business supplies legal and tax information in print format and via ProView to customers worldwide, alongside commercial printing services for a wide range of book publishers.
KKR Partner Brian Dillard, Co-Chief Investment Officer for Global Atlantic, described Thomson Reuters as having built a highly regarded print platform considered the gold standard for printed reference materials. He said KKR sees an opportunity to support the Global Print business independently while helping Thomson Reuters optimise its broader portfolio.
Steve Hasker, President and CEO of Thomson Reuters, said the Global Print business has a long history of serving legal and tax professionals with trusted printed materials. He added that the transaction gives the business focused investment and independence to thrive standalone, while sharpening Thomson Reuters’ focus on fiduciary-grade AI solutions for legal, tax, audit and compliance industries.
The transaction remains subject to regulatory approvals and customary closing conditions, with no financing conditions attached. Thomson Reuters has agreed to provide financial support to give KKR a minimum return under certain circumstances. The deal is expected to close in the fourth quarter of 2026. Centerview Partners LLC is serving as financial advisor to Thomson Reuters.
