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Thomson Reuters in Definitive Agreement to Sell Intellectual Property Unit Including MarkMonitor

Thomson Reuters to Sell Intellectual Property & Science Business to Onex and Baring Asia for $3.55 billion: The portfolio includes Web of Science, Thomson CompuMark, Thomson Innovation, MarkMonitor, Thomson Reuters Cortellis and Thomson IP Manager. Thomson Reuters expects to use about $1 billion of the net proceeds to buy back shares and the balance to pay down debt (primarily commercial paper) and reinvest in the business.

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