Thomson Reuters Looks Set to Buy Breakingviews

By: E&P Staff Thomson Reuters could buy, the financial commentary site, as early as this week, according to several news reports.

Brreakingviews offers financial columns carried by major newspapers worldwide, including The New York Times, Le Monde in Paris, El Pais in Spain and Handelsblatt in Germany. It has an estimated readership of 4.5 million.

The Sunday Times of London, which first reported the possible deal, said the parties had agreed on a price of 10 million pounds (US$16.2 million). The Sunday Times said Hugo Dixon, the former editor of the Financial Times' Lex financial commentary column who co-founded Breakingviews in 2000, will earn 2.7 million pounds from the deal, the Sunday Times reported.


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