LONDON — Thomson Reuters, the news and digital information company, said on Tuesday that it was in advanced discussions with the private equity giant Blackstone Group regarding a “potential partnership” with its financial and risk business.
Terms of a potential transaction or the size of any potential stake were not disclosed.
“The discussions between Thomson Reuters and Blackstone may or may not lead to a definitive agreement,” the company said in a news release.
The financial and risk unit provides research and analysis tools to financial markets professionals and had revenue of $6.1 billion in 2016, the company said.
Thomson Reuters, which is based in Toronto, said it would retain a significant interest in the financial and risk business after any deal and would retain full ownership of its legal, tax and accounting, and news operations.
The partnership talks came more than a decade after Thomson Corporation agreed to combine with Reuters Group in a deal worth more than $17 billion.
Shares of Thomson Reuters closed down just over 1 percent in Toronto and in New York on Monday.