EU Commission clears acquisition of Thomson Reuters Financial and Risk Business by Blackstone

Source: EU Commission - Link
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Thomson Reuters Financial and Risk Business (“Thomson Reuters F&R”) by the Blackstone Group, both of the US. 
Thomson Reuters F&R is a data and financial technology business that provides information and data analytics, enables financial transactions and connects communities of trading, investment, financial, corporate, strategy, treasure and risk professionals. Blackstone is a global asset manager and provider of financial advisory services. 
Blackstone, through its portfolio company Ipreo, and Thomson Reuters F&R both provide financial information products to financial market professionals, including real-time and non-real-time data services. The transaction gives rise to a number of horizontal and vertical overlaps between the companies' activities. 
Following its market investigation, the Commission concluded that the proposed transaction would raise no competition concerns given the limited market shares of the companies, the fact that a number of competitors will remain in the market post-transaction, and the fact that Blackstone accounts for only a minimal share of the demand for Thomson Reuters F&R's products. 
The transaction was examined under the normal merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.8837.

Popular posts from this blog

European Commission blocks Austrian regulator from introducing measures, which would unduly favour the national broadcaster

EU Commission opens in-depth investigation into the market for analogue terrestrial radio broadcasting in Austria

How should we manage media in the age of artificial intelligence? Discussion report by the Scientific Foresight (STOA) of the EU Parliament