Thomson Reuters forms $500M print JV with KKR

Thomson Reuters Corporation is entering a joint venture with KKR for its Global Print business.

Rhea-AI Filing Summary

Thomson Reuters Corporation is entering a joint venture with KKR for its Global Print business. Thomson Reuters will sell a 51% stake in Global Print to capital accounts advised by KKR, receive approximately $500 million in gross proceeds at closing, and retain a 49% equity interest. Thomson Reuters will maintain intellectual property rights and full editorial control over its content portfolio.

The new joint venture will hold an exclusive license to distribute this content in print and via the ProView eBook platform. Closing is subject to specified regulatory approvals and customary conditions and is not subject to financing conditions; Thomson Reuters expects completion in the fourth quarter of 2026. Thomson Reuters has agreed to provide certain financial support designed to give KKR a minimum return on its equity investment in the joint venture under certain circumstances, and management describes the deal as sharpening the company’s focus on AI-driven solutions for legal, tax, audit and compliance professionals.

Key Figures

Stake sold in Global Print: 51% Retained equity interest: 49% Gross proceeds at closing: approximately $500 million +1 more

4 metrics

Stake sold in Global Print 51% Equity interest in the Global Print business to be sold to KKR-advised capital accounts

Retained equity interest 49% Equity stake Thomson Reuters will hold in the new Global Print joint venture

Gross proceeds at closing approximately $500 million Cash Thomson Reuters expects to receive when the Global Print transaction closes

Expected closing period fourth quarter of 2026 Company’s expectation for completion of the Global Print joint venture transaction

Key Terms

joint venture, gross proceeds, intellectual property rights, exclusive license, +1 more

5 terms

joint venture financial

"has signed a definitive agreement to enter into a joint venture with KKR"

A joint venture is when two or more companies team up to work on a specific project or business idea, sharing both the risks and the rewards. It’s like friends starting a lemonade stand together—each contributes resources and they split the profits, making it easier to succeed than going alone.

gross proceeds financial

"Thomson Reuters will receive approximately $500 million in gross proceeds at closing"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

intellectual property rights regulatory

"Thomson Reuters will also maintain intellectual property rights and full editorial control"

Legal protections that give a company exclusive control over creations like inventions, brand names, designs, formulas, software and creative works, similar to owning the lock and key to a recipe or product design. For investors, these rights matter because they can create durable revenue streams, reduce competition and justify higher company value, while weak or contested rights increase the risk of lost sales and costly legal disputes.

exclusive license regulatory

"This new joint venture will hold an exclusive license to distribute the content in print"

An exclusive license is a legal agreement that gives one party the sole right to use, make, sell or commercialize a product, technology, patent, or other intellectual property, while the owner keeps ultimate ownership. Think of it like leasing a unique tool to a single tenant: that tenant alone can profit from it for the license term. Investors care because exclusivity can create predictable revenue streams, affect competitive position, valuation, and the likelihood of future royalties or milestone payments.

forward-looking statements regulatory

"SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements in this news release"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What deal did Thomson Reuters (TRI) announce with KKR for its Global Print business?

Thomson Reuters agreed to form a joint venture with KKR for its Global Print business. It will sell a 51% stake, receive about $500 million in gross proceeds at closing, and retain a 49% equity interest plus key rights over its content.

How much cash will Thomson Reuters (TRI) receive from the KKR Global Print joint venture?

Thomson Reuters expects to receive approximately $500 million in gross proceeds at closing. This payment comes from selling a 51% stake in its Global Print business to capital accounts advised by KKR as part of the new joint venture structure.

What ownership and control will Thomson Reuters (TRI) keep after the KKR Global Print transaction?

Thomson Reuters will retain a 49% equity interest in the Global Print joint venture. It will also maintain intellectual property rights and full editorial control over its content, while the joint venture receives an exclusive license to distribute that content in print and on ProView.

When is the Thomson Reuters (TRI) and KKR Global Print joint venture expected to close?

Thomson Reuters expects the Global Print joint venture transaction with KKR to close in the fourth quarter of 2026. Completion is subject to specified regulatory approvals and customary closing conditions, but the agreement is not subject to any financing conditions.

What financial support has Thomson Reuters (TRI) agreed to provide KKR in the joint venture?

Thomson Reuters has agreed to provide certain financial support to the joint venture, designed to give KKR a minimum return on its equity investment under certain circumstances. Specific terms are not detailed in this disclosure but indicate ongoing economic support obligations.

How does the Thomson Reuters (TRI) and KKR deal affect the Global Print business strategy?

The transaction is intended to let Global Print operate as a standalone business with focused investment and operational capabilities. Thomson Reuters’ CEO says this should help the unit thrive while allowing the company to sharpen its focus on fiduciary-grade AI solutions for professionals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/14/2026 - 07:15 AM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-31349

THOMSON REUTERS CORPORATION

(Translation of registrant’s name into English)

19 Duncan Street

Toronto, Ontario M5H 3H1, Canada

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐  Form 40-F ☒

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

THOMSON REUTERS CORPORATION
(Registrant)
By:		/s/ Jennifer Ruddick
		Name:    Jennifer Ruddick
		Title:   Deputy Company Secretary

Date: July 14, 2026

EXHIBIT INDEX

Exhibit Number		Description
99.1		News release dated July 14, 2026 – Thomson Reuters and KKR Announce Joint Venture for Thomson Reuters Global Print Business

Exhibit 99.1

Thomson Reuters and KKR Announce Joint Venture for Thomson Reuters Global Print Business

TORONTO and NEW YORK, July 14, 2026 - Thomson Reuters Corporation (TSX/Nasdaq: TRI) today announced that it has signed a definitive agreement to enter into a joint venture with KKR, a leading global investment firm. As part of the transaction, Thomson Reuters will sell a 51% stake in its Global Print business to capital accounts advised by KKR. Thomson Reuters will receive approximately $500 million in gross proceeds at closing and will retain a 49% equity interest in the joint venture. Thomson Reuters will also maintain intellectual property rights and full editorial control over its content portfolio. This new joint venture will hold an exclusive license to distribute the content in print and on ProView, Global Print’s eBook platform.

The Thomson Reuters Global Print business provides legal and tax information in print format and via ProView to customers around the world and provides commercial printing services to a wide range of book publishers.

“Thomson Reuters has built a highly regarded, trusted print platform that has become the gold standard for printed reference materials,” said KKR Partner Brian Dillard, Co-Chief Investment Officer for Global Atlantic. “Building on KKR’s experience with helping global corporations unlock value in their businesses, we see a compelling opportunity both to support the Global Print business as a standalone proposition and to help Thomson Reuters optimize its portfolio of businesses.”

“The Global Print business has a long and respected history of serving legal and tax professionals with trusted printed reference materials,” said Steve Hasker, President and CEO of Thomson Reuters. “We believe this transaction with KKR provides our Global Print business with the focused investment, operational capabilities, and independence to thrive as a standalone business, while ensuring that Thomson Reuters printed content continues to reach the professionals who depend on it. At the same time, it sharpens Thomson Reuters focus on providing innovative fiduciary-grade AI solutions for the legal, tax, audit and compliance industries.”

Closing of the transaction is subject to specified regulatory approvals and customary closing conditions. The transaction is not subject to any financing conditions. As part of the transaction, Thomson Reuters has agreed to provide certain financial support designed to give KKR a minimum return on its equity investment in the joint venture under certain circumstances. Thomson Reuters expects the transaction to close in the fourth quarter of 2026.

Centerview Partners LLC is serving as financial advisor to Thomson Reuters.

About Thomson Reuters Global Print Business

Thomson Reuters Global Print business is a leading provider of information, primarily in print format and via ProView to legal and tax professionals, governments, law schools, and corporations. Global 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.

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.

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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.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this news release are forward-looking, including Steve Hasker’s remarks, and Thomson Reuters current expectations regarding the timing for closing of the transaction. The words “will”, “expect”, “believe” and similar expressions identify forward-looking statements. These forward-looking statements are based on certain assumptions and reflect our company’s current expectations. While Thomson Reuters believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize.

Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations, including the parties’ ability to receive regulatory approvals and satisfy conditions to closing as well as other factors discussed in materials that Thomson Reuters from time to time files with, or furnishes to, the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. Many of these risks, uncertainties and assumptions are beyond Thomson Reuters control and the effects of them can be difficult to predict. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.

CONTACTS

MEDIA

KKR

Kenny Juarez

media@kkr.com

Thomson Reuters

Kat Hanley

Corporate Communications

kathryn.hanley@thomsonreuters.com

INVESTORS

Thomson Reuters

Gary E. Bisbee, CFA

Head of Investor Relations

gary.bisbee@thomsonreuters.com

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 NEWS RELEASE 11.7 KB