UK: Reuters to be taken over?

Posted by Jean Yves Chainon on May 4, 2007 at 11:27 AM

Following News Corp.'s unsolicited offer to buy out Dow Jones, the British news giant Reuters confirmed that it had received a takeover approach from an unnamed third party (allegedly Canadian financial information provider Thomson).

"There is no certainty an offer will be made or necessary approvals, including those required under Reuters constitution, will be received," the group said in a statement.

Reuters shares soared by 25% after the announcement.

This has little to do with editorial quality, but it seems that major news organizations are currently attracting the eyes of investors...

Source: AFP Mail

Posted in :

• Newspaper

• Comments (0)
• Share
• Email
• Print
• Permalink

 Technorati  Stumbleupon  Slashdot  Reddit  Newsvine  Google Bookmarks  Furl  Facebook  Digg  Del.icio.us

0 TrackBacks

Listed below are links to blogs that reference this entry: UK: Reuters to be taken over?.

TrackBack URL for this entry: http://www.editorsweblog.org/mt/mt-tb.cgi/5074

Leave a comment

Name

Email Address

URL

Remember personal info?

Comments (You may use HTML tags for style)

Object not found!

The requested URL was not found on this server. If you entered the URL manually please check your spelling and try again.

If you think this is a server error, please contact the webmaster.

Error 404

Object not found!

The requested URL was not found on this server. If you entered the URL manually please check your spelling and try again.

If you think this is a server error, please contact the webmaster.

Error 404