Thomson Reuters to Sell FindLaw to Internet Brands in Strategic Move

Thomson Reuters has entered into a definitive agreement to sell its legal assistance subsidiary, FindLaw, to Internet Brands, marking a strategic shift in its business model. This move aims to streamline operations and enhance profitability while allowing Internet Brands to expand its digital media presence in the legal sector. The transaction is expected to close in Q4 2024, pending regulatory approvals. Investors are closely monitoring the implications of this sale on Thomson Reuters’ market position and financial health.