Thomson Reuters Corp. (TRI) and investment firm KKR & Co. Inc. (KKR) have announced a major joint venture centered on Thomson Reuters’ Global Print business.
Under the terms of the deal, Thomson Reuters will sell a 51% stake in the Global Print business to KKR for approximately $500 million.
Thomson Reuters will retain the remaining 49% interest in the newly formed joint venture, keeping a significant financial stake in the operation.
The Global Print business serves legal and tax professionals by providing information through print publications and ProView, its dedicated eBook platform.
The business also offers commercial printing services to book publishers operating across markets worldwide, broadening its reach beyond the legal and tax sectors.
Thomson Reuters will retain intellectual property rights and full editorial control over its content portfolio as part of the arrangement.
The joint venture will hold an exclusive license to distribute Thomson Reuters content in print format and through the ProView platform.
Thomson Reuters President and CEO Steve Hasker described the rationale behind the deal, noting that “The Global Print business has a long and respected history of serving legal and tax professionals with trusted printed reference materials.”
Hasker also said the transaction “sharpens Thomson Reuters focus on providing innovative fiduciary-grade AI solutions for the legal, tax, audit and compliance industries.”
As part of the transaction, Thomson Reuters has agreed to provide certain financial support intended to ensure KKR achieves a minimum return on its equity investment under specified circumstances.
The deal is expected to close in the fourth quarter of 2026, subject to customary closing conditions.
In pre-market trading following the announcement, Thomson Reuters shares fell 0.31% from Monday’s closing price of $94.29, while KKR shares dropped 0.89% after closing at $96.91 on Monday.
The move signals a strategic shift for Thomson Reuters, as the company doubles down on AI-driven solutions for professional services industries while monetizing its legacy print operations.
