Thomson Reuters enters into definitive agreement to sell FindLaw business to Internet Brands pending regulatory approvals
Over the last 20 years,
This transaction will allow both Thomson Reuters and Internet Brands to concentrate on their strategic priorities, ensuring customers continue to receive top-tier service and support from
The transaction is expected to close in the fourth quarter of 2024, pending regulatory approvals.
Thomson Reuters
Thomson Reuters (TSX/NYSE: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.
Internet Brands
Internet Brands®
, headquartered in El Segundo, Calif, is a fully integrated online media and software services company focused on four high-value vertical categories: Health, Automotive, Legal, and Home/Travel. The company's properties and platforms include the WebMD,
Special Note Regarding Forward-Looking Statements, Material Risks and Material Assumptions
Certain statements in this news release are forward-looking, including but not limited to the expected closing date of the proposed transaction. The words "will", "expect" and similar expressions identify forward-looking statements. While Thomson Reuters believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond Thomson Reuters' control and the effects of them can be difficult to predict. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.
Media Contacts:
Thomson Reuters
Lindsay Bomar
Lindsay.Bomar@thomsonreuters.com
Internet Brands
Joe Ewaskiw
joe.ewaskiw@internetbrands.com
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SOURCE Thomson Reuters