Cyrus Sanati of The New York Times reports that Thomson Reuters is in talks to acquire Breakingviews.com, which provides financial news and analysis.
“The company managed to turn a profit in the first half of the year by reallocating resources, cutting its costs and increasing its revenue through higher subscription sales.
“The Times of London reported that Breakingviews had hired Perella Weinberg Partners as its financial adviser.
“The company has only a small number of shareholders and is partly owned by Rupert Murdoch’s News Corporation by way of the acquisition of Dow Jones & Company in 2007. Last year, Dow Jones dropped its contract with Breakingviews to provide content to The Wall Street Journal, electing instead to refashion the Heard on the Street column into a similar commentary service.”
Read more here.
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