- The parent of the Reuters news agency, Thomson Reuters (TSX:TRI), announced it was selling its FindLaw business to Internet Brands
- This transaction would allow Thomson Reuters and Internet Brands to concentrate on their priorities, ensuring customers continue to receive consistent service and support from FindLaw
- Internet Brands’ proprietary operating model has powered best-in-class digital platforms for consumers and commercial partners since 1998 and is well-positioned to invest in and expand the FindLaw business
- Thomson Reuters stock last traded at C$228.95 per share
The parent of the Reuters news agency, Thomson Reuters (TSX:TRI), announced it was selling its FindLaw business to Internet Brands.
The global content and technology company stated in a news release that this transaction would allow Thomson Reuters and Internet Brands to concentrate on their priorities, ensuring customers continue to receive consistent service and support from FindLaw.
The Canadian news and information conglomerate added that over the past 20 years, FindLaw had established itself as a premier destination for legal assistance and a key marketing platform for law firms. Internet Brands’ proprietary operating model has powered best-in-class digital platforms for consumers and commercial partners since 1998 and is well-positioned to invest in and expand the FindLaw business.
The transaction is expected to close in Q4 2024, pending regulatory approvals.
Internet Brands is a fully integrated online media and software services company that is an operator of digital platforms in high-value vertical categories, including health and legal. The company’s properties and platforms include the WebMD, Medscape and Henry Schein ONE networks.
Thomson Reuters Corp. provides business information services. Reuters News supplies business, financial and global news to media organizations, professionals and news consumers through Reuters News Agency, Reuters.com, Reuters Events, Thomson Reuters products and the Refinitiv business of LSEG, a global financial markets infrastructure and data provider.
Thomson Reuters stock (TSX:TRI) is up 18.18 per cent since the year began and last traded at C$228.95 per share.
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(Top image via Thomson Reuters.)