Thomson Reuters set to acquire Breakingviews

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New York—Thomson Reuters said Wednesday that its offer to acquire Breakingviews has been accepted by the directors of the financial commentary business. The deal is expected to close in the next two months.

Thomson Reuters said the Reuters news organization will manage Breakingviews, which will be integrated with Reuters’ own international commentary team, which was established in 2008. The combined commentary team will operate under the Breakingviews brand.

“Based on the recent success of our strategy to move into commentary and the positive feedback we have received from Thomson Reuters clients, we are now seeking to accelerate our global commentary offering. The acquisition of Breakingviews brings together two of the most respected and influential teams of business, financial and political news commentators in the world; and, understandably, we are very excited about the opportunity this presents,” David Schlesinger, editor in chief of Reuters, said in a statement.

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