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Reuters (/ ˈ r ɔɪ t ə (r) z / ⓘ ROY-tə(r)z) is a news agency owned by Thomson Reuters. [ 4 ] [ 5 ] It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. [ 6 ]
Thomson Reuters Corporation (/ ˈ r ɔɪ t ər z / ⓘ ROY-tərz) is a Canadian multinational content-driven technology conglomerate. [4] The company was founded in Toronto, Ontario, Canada and maintains its headquarters at 19 Duncan Street there.
Before joining Reuters, initially the legal department in 1993, he had worked as a merger and acquisitions lawyer for American law firm Davis Polk & Wardwell in New York, Paris, and Tokyo. [ 16 ] Glocer holds a bachelor's degree in political science from Columbia University and a J.D. from Yale Law School . [ 17 ]
Reuters Group was best known for the Reuters news agency, which was the original business of the company. By the time of its acquisition by Thomson, the bulk of Reuters Group's revenues came from the provision of financial market data, with news reporting comprising less than 10% of its revenue. [1]
According to news reports at the time, Thomson Reuters bought the company in 2009 for $20 million. [4] [5] Reuters announced in October 2012 that Dixon would step down as global editor-in-chief of Breakingviews, to be succeeded by Rob Cox. [6] [7]
On 15 May 2007, the Thomson Corporation reached an agreement with Reuters to combine the two companies, a deal valued at $17.2 billion. On 17 April 2008, the new company was created under the name of Thomson Reuters. The chief executive officer of Thomson Reuters is Jim Smith, and the chairman is David Thomson, formerly of the Thomson Corporation.
Thomson Reuters Foundation News, formerly known as Alertnet, is a worldwide news service that provides free access to smaller media outlets and non-governmental organizations across the globe. It operates under the auspices of the Thomson Reuters Foundation, which is the charitable arm of Thomson Reuters .
Clarivate [6] was formerly the Intellectual Property and Science division of Thomson Reuters.Before 2008, it was known as Thomson Scientific. [7] In 2016, Thomson Reuters struck a $3.55 billion deal in which they spun it off as an independent company, and sold it to private-equity firms Onex Corporation and Baring Private Equity Asia.