Thomson Reuters, owner of the Reuters News service, announced Monday that it is selling its intellectual property and sciences division to private equity firms Onex and Baring Private Equity Asia for $3.55 billion in cash.
The Philadelphia-based division provides intellectual property and scientific information to companies, governments and universities, offering patent and trademark tools, scientific literature and other content. The unit employs around 4,100 people in more than 75 offices over 40 countries.
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