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

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