The Thomson Reuters logo is seen on the company building in Times Square, New York October 29, 2013. REUTERS/Carlo Allegri
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U.S. private equity firm Blackstone Group LP is in advanced talks to buy an approximate 55 percent stake in the Financial and Risk business of Thomson Reuters Corp., a deal that would value the unit at about $20 billion including debt, three sources familiar with the matter said Monday. Thomson Reuters' board, the sources said, is expected to meet Tuesday to discuss Blackstone's offer for the F&R business, which supplies news, data and analytics to banks and investment houses around the world. Under the terms of the Blackstone offer, Thomson Reuters would retain a 45 percent stake in the F&R business as part of a partnership with the U.S. buyout firm, according to the sources. A spokeswoman for Blackstone declined to comment.If the board agrees to a deal with Blackstone, it would represent the biggest shake-up of Thomson Reuters since it was formed a decade ago by Thomson Corp.'s acquisition of Reuters Group PLC.Reuters was unable to determine who would lead the new division.Blackstone has some experience in the information business.
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