Thomsons Go Back to News Roots With Sale of Unit to Blackstone
David Thomson, the third-generation scion of Canadas richest family, is retreating to his news roots with the sale of his companys financial data business to Blackstone Group LP.
Thomson, whose grandfather Roy launched the media empire with a tiny radio station in 1931, agreed on Tuesday to sell a 55 percent stake in the division to Blackstone Group LP, valuing the business at $20 billion. Following a difficult decade thats ...
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