Thomson Reuters Corporation has signed a definitive agreement with private equity giant KKR to sell a 51% majority stake in its Global Print business in a deal valued at approximately $500 million in gross proceeds. The transaction marks a strategic shift for the information and technology company as it doubles down on artificial intelligence and its core professional services businesses.
Despite divesting the controlling stake, Thomson Reuters will retain a 49% ownership interest, editorial control over its content portfolio, and intellectual property rights, ensuring continued oversight of its publishing assets.
Deal Creates Joint Venture With KKR
Announced on Tuesday, the agreement establishes a joint venture between Thomson Reuters and KKR, with the private equity firm taking majority ownership of the Global Print business.
The division provides commercial printing services for book publishers and distributes legal, tax and regulatory information to customers worldwide through both printed publications and digital book formats.
The move is part of Thomson Reuters’ broader strategy to streamline operations and focus on high-growth, technology-driven businesses.
Print Business Faces Long-Term Decline
Although the Global Print unit generated approximately $490 million in revenue last year, accounting for nearly a quarter of the company’s overall revenue, demand for printed products continues to decline as customers increasingly shift to digital platforms.
Industry-wide changes have prompted many publishing companies to reduce exposure to traditional print operations and invest more heavily in digital products and AI-powered services.
Focus Shifts To AI And Core Business Segments
Following the transaction, the Toronto-headquartered company plans to strengthen investment in its three key business segments:
- Legal Professionals
- Corporates, Tax and Audit
- Accounting Solutions
Commenting on the agreement, Steve Hasker, Chief Executive Officer of Thomson Reuters, said:
“We believe this transaction with KKR provides our Global Print business with the focused investment, operational capabilities, and independence to thrive as a standalone business.”
He added:
“At the same time, it sharpens Thomson Reuters’ focus on providing innovative fiduciary-grade AI solutions for the legal, tax, audit and compliance industries.”
The company has increasingly positioned artificial intelligence at the center of its long-term growth strategy, developing AI-powered tools for legal research, compliance, taxation and accounting professionals.
KKR Continues Expansion Into Publishing Sector
KKR, one of the world’s largest private equity firms, has been actively acquiring publishing and media businesses that larger corporations are divesting as they pivot toward faster-growing digital operations.
The investment aligns with KKR’s strategy of acquiring mature businesses with stable cash flows while helping them operate independently and pursue long-term growth opportunities.
Under the terms of the agreement, Thomson Reuters will also provide certain financial support to ensure KKR receives a minimum return on its investment in specific circumstances.
Deal Expected To Close Later This Year
The transaction is expected to be completed during the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals.
Following completion, Thomson Reuters is expected to accelerate investments in AI-powered products and digital services while maintaining a strategic interest in the Global Print business through its minority stake.