Thomas Reuters confirmed that it has made a formal offer to acquire financial insight commentator Breakingviews. The offer, the precise details of which have not been disclosed, has been unanimously recommended to shareholders by Breakingviews' directors. The two companies anticipate that the transaction will complete within eight weeks.
Under the terms of the agreement, Breakingviews will be managed by the Reuters news organization and will build upon Reuters's own global commentary service. The combined Reuters Breakingviews Commentary team will continue to operate under the Breakingviews brand in order to maintain a clear distinction between Reuters's commentary and news businesses