Thomson Reuters and KKR complete joint venture for Global Print Business
Thomson Reuters says the transaction sharpens its focus on AI solutions for legal, tax, audit and compliance industries.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Thomson Reuters (TRI) has completed the sale of a majority stake in its Global Print business to capital accounts advised by KKR.
The business now operates as Westbridge Print, an independent company serving legal and tax professionals across 13 countries. It also provides commercial printing services to book publishers across a range of markets. The completed transaction follows the previously announced sale agreement between Thomson Reuters and the KKR-advised capital accounts.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointGlobal Print majority-stake sale completed to KKR-advised capital accounts, completing Thomson Reuters' previously announced transaction.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The business operates today as Westbridge Print, an independent company serving legal and tax professionals across 13 countries and providing commercial printing services to book publishers across a wide range of markets.
For Thomson Reuters, this transaction sharpens its focus on providing innovative fiduciary-grade AI solutions for the legal, tax, audit and compliance industries.
About Thomson Reuters
Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit thomsonreuters.com.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.
About Westbridge Print
Westbridge Print is a leading provider of information, primarily in print format and via ProView, to legal and tax professionals, governments, law schools, and corporations. Westbridge Print also leverages its capabilities through offering commercial printing services to a wide range of book publishers including those in trade, government, associations, faith-based organizations, universities, and children's books. The business serves customers primarily in the United States, Canada, and the United Kingdom.
CONTACTS
MEDIA
KKR
Kenny Juarez
media@kkr.com
Thomson Reuters
Zoe Zanettos
Corporate Communications
zoe.zanettos@thomsonreuters.com
INVESTORS
Thomson Reuters
Gary E. Bisbee, CFA
Head of Investor Relations
gary.bisbee@thomsonreuters.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/thomson-reuters-and-kkr-complete-joint-venture-for-global-print-business-302896145.html
SOURCE Thomson Reuters
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Has Thomson Reuters completed the Global Print sale to KKR-advised accounts?
Thomson Reuters has completed the sale of a majority stake in its Global Print business to capital accounts advised by KKR. The business now operates independently as Westbridge Print.