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Just how much is Thomson Reuters worth?

08 July 2008 Be the first to comment

Paul Penrose

Head of Research

Finextra

Further to my previous post on Merrill Lynch's ruminations over whether or not to shed its 20% stake in Bloomberg (Just how rich is Michael Bloomberg?), maybe we should also be asking: Just how much is Thomson Reuters worth?

Shares in the vendor rose 48p to £13.07 Monday as brokers began to re-evaluate the company in light of the £3 billion to £6 Billion valuations attached to Merrill's stake in Bloomberg.

Citigroup noted that a deal at this price would value Thomson Reuters at somewhere between £18.70 and £32.50 per share.

However, the broker added: "Unfortunately a re-rating of Thomson Reuters is not a certainty even if Merrill is successful in selling the Bloomberg stake in the speculated range, given the level of uncertainty over the outlook for the financial services end-market."

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The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. This is a community for discussing the index, its movements and wider M and A activity in the fintech world.

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Paul Penrose

Head of Research

Finextra

Member since

06 Oct 2006

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London

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