Thomson cleared for Reuters merger

THOMPSON CLEARED FOR REUTERS MERGER
[SOURCE: Financial Times, AUTHOR: Andrew Edgecliffe-Johnson]
Thomson Corp’s £7.9bn bid for Reuters has been approved with minimal conditions by regulators on both sides of the Atlantic, paving the way for the creation of a bigger competitor to Bloomberg in financial information. The US Department of Justice, Europe’s Competition Commission and the Canadian Competition Bureau confirmed on Tuesday that the two groups would have to sell copies of four databases in areas where they overlap. The remedy proposed by the competition authorities will affect no more than $25m of the new Thomson Reuters group’s $13bn-plus combined revenues.
http://www.ft.com/cms/s/33d14772-df29-11dc-91d4-0000779fd2ac.html
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