Shanghai/ Hong Kong — Blackstone Group, the private equity giant led by Stephen Schwarzman, is considering its biggest foray yet into the $27bn-a-year industry for financial information. The firm is in talks to buy a 55% stake in Thomson Reuters’s largest unit, which supplies data and analytical tools to financial professionals, a person familiar with the matter said. Thomson Reuters, controlled by one of Canada’s richest families, would cede its flagship Eikon terminal business while keeping the news operations, as well as ownership of its legal, tax and accounting arm. The division is worth about $20bn, the person said, meaning any purchase would be one of the largest transactions in the industry since Thomson took over Reuters in 2008. Should it go ahead, Blackstone would compete directly with Bloomberg and News Corporation’s Dow Jones division in selling financial services and trading tools. "For Blackstone, the simple attraction is fairly clear," said Neil Campling, an analyst ...

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