News and information group Reuters has agreed to be bought out by Canadian financial data provider Thomson in a deal worth about $17bn.The tie-up will create the world's biggest financial news and data firm, allowing the new company to leapfrog its main rival, US-based Bloomberg.
Other news firms are also eyeing deals as they seek to cut costs, squeeze rivals and increase their client base.
Reuters and Thomson reckon their deal will save them $500m a year.
Read More
