Toronto, October 3, 2024 /PRNewswire/ — Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, today announced that it has entered into a definitive agreement to sell its FindLaw business to Internet Brands. Internet Brands is a fully integrated online media and software services company and a leading operator of digital platforms in high-value vertical categories such as health and legal.
Over the past 20 years, FindLaw has established itself as a leading destination for legal assistance and a leading marketing platform for law firms. Internet Brands’ unique operating model has powered a best-in-class digital platform for consumer and commercial partners since 1998 and is well-positioned to invest in and grow FindLaw businesses.
The transaction will allow both Thomson Reuters and Internet Brands to focus on their strategic priorities, and ensure that customers continue to receive the highest level of service and support from FindLaw.
The transaction is expected to close in the fourth quarter of 2024, pending regulatory approval.
Centerview Partners LLC acted as financial advisor to Thomson Reuters.
Thomson Reuters
Thomson Reuters (TSX/NYSE: Tori) charts the future by bringing together the trusted content and technology people and organizations need to make the right decisions. The company serves legal, tax, accounting, compliance, government, and media professionals. Its products combine highly specialized software and insights to provide professionals with the data, intelligence and solutions they need to make informed decisions and pursue justice, truth and transparency. Support institutions. Reuters, part of Thomson Reuters, is the world’s leading provider of trusted journalism and news. For more information, please visit: tr.com.
internet brand
Internet Brand®headquartered in El segundoCalifornia 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: WebMD, medscapeand henry shine ONE Network is a world leader in the market. Noro, avoand martindaleforming the largest consumer information provider in the legal market. and cars direct, Fodor’s travel, and many other companies that are leaders in key vertical markets. The award-winning internet brand’s consumer website leads its category, serving more than 250 million visitors per month, while building deep, long-term customer relationships with its full range of web presence services. We have established a strong relationship. small and medium enterprises and corporate clients. The company’s powerful proprietary operating platform provides the flexibility and scalability that fuels the company’s continued growth. Internet Brands KKR and Warburg Pincus.
Special Note Regarding Forward-Looking Statements, Important Risks and Important Assumptions
Certain statements in this news release are forward-looking, including, without limitation, the expected completion date of the proposed transaction. The words “intend”, “expect” and similar expressions identify forward-looking statements. Although Thomson Reuters believes there is a reasonable basis for making the forward-looking statements in this news release, they are not guarantees of future performance or results and the There can be no assurance that other events will affect future prospects. materialize. Forward-looking statements involve 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 their impact may 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. Thomson Reuters undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
Media contact:
Thomson Reuters
lindsay Bomar
(email protected)
internet brand
Joe Ewascue
(email protected)
Source Thomson Reuters
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