Shanghai — Blackstone Group is in talks to buy a controlling stake in Thomson Reuters’ key business that supplies data, news and analytics to Wall Street and financial professionals around the world. The discussions are about a "potential partnership" in the financial and risk division (F&R), which had $6.1bn in revenue in 2016, according to a statement late on Monday from the Toronto, Canada-based Thomson Reuters. Blackstone is in talks to buy about 55% of the business, according to a person familiar with the buyer. The entire unit had a total valuation of about $20bn, the person said. Blackstone declined to comment. Buying a stake in the financial and risk business would increase Blackstone’s exposure in the market for financial data. Blackstone already owns the financial-technology firm Ipreo Holdings LLC, which it purchased together with Goldman Sachs Group’s merchant-banking arm for $975m in 2014. A potential sale of the business will be one of the biggest restructurings of Tho...
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