news MarkMonitor to change hands in $3.55 billion deal

[Arpit131]

MarkMonitor owner Thomson Reuters is to sell of its IP division, which includes the brand-protection registrar, to private equity in a $3.55 billion all-cash deal.

The company said it will sell its Intellectual Property & Science business Onex Corporation and Baring Private Equity Asia.

MarkMonitor is of course a small part of that division. It also includes its Web of Science, Thomson CompuMark, Thomson Innovation, MarkMonitor, Thomson Reuters Cortellis and Thomson IP Manager services.

The unit reportedly has 4,000 employees and $1 billion in annual revenue.

Thomson Reuters said it will use $1 billion of the sale price to buy back shares and the rest to pay off debts.


Source

 

[Domain Lead Finder]

Wow $1 Billion in revenue per year.

 

[namerav]

Guggenheim Securities, LLC and J.P. Morgan Securities LLC are acting as financial advisors to Thomson Reuters for the proposed divestiture.

Allen & Overy LLP is acting as legal counsel for Thomson Reuters.

 

[DaSerpent]

$1 billion revenue? Who knew they were making so much dough! Well good for them.

 

[baseballworld]

Wow would be nice to have an all cash deal like that. Never work again.