The Thomson Reuters Corporation is a massive, multi-entity business comprised of legal, news and media and tax and accounting operations. The corporation was founded in 2008, when Canadian media firm Thomson purchased the British Reuters for US$17.2 billion. The acquisition made an already strong Thomson extremely powerful in the data and information sector. Their revenue, as of 2018, is US$5.5 billion.
By acquiring Reuters, the corporation is now a leader in all sectors of specialised information. Their role as a leader in information services has made them indispensable to businesses and governmental institutions alike. As such, the business solutions arm of the news conglomerate accounts for a significant share of their revenue.
Thomson Reuters is looking to the future through their diversification of businesses and acquisitions. They are increasing their presence in the business incubation sector, allowing them to carefully invest in promising entrepreneurs and their endeavours. They have also opened a research centre for AI. Their ultimate goal is to create diverse digital assistants (program-based AI) that automatically perform functions for the business and individual by augmenting their thinking and behaviours.
- Family name: Thomson family
- Sector: Media & Entertainment
- Founded: 1799
- Country: United States
- Company headquarters: Toronto, Canada
- Revenue: 12.2
- Employees: 52,000
- Website: thomsonreuters.com
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