Thomson Makes $2.75 Billion More Than It Thought From Sale

The wires are reporting that Thomson Corp. has agreed to sell its educational publishing division to a consortium of private equity funds advised by Apax Partners and OMERS Capital Partners for US$7.75 billion.

That’s a sweet $2.75 Billion more than the value that Thomson had initially placed on its educational publishing, as we reported last year.

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  1. And of course this sweetens the war chest for future acquisitions (such as Reuters) or further expansion in the legal information area – subject of course to the antitrust considerations.