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.
XM Live Education: Your One-Stop Solution for Webinars and Market Insights
Stay updated with XM Live Education for the latest market insights and trends. Learn about the recent slowdown in German business activity and its impact on the European Central Bank. Stay informed with the latest news from Reuters to make well-informed decisions in the financial world.