- Thomson Reuters has set up a new venture capital fund, which will give it more M&A opportunities in the long-term, and might also signify a shift in capital allocation priorities.
- TRI has already migrated 35% of its revenues to the cloud, which brings it closer to its 2023 target of 90% as part of the Change Program.
- Thomson Reuters is valued by the market at consensus forward next twelve months' EV/EBITDA and normalized P/E multiples of 29.2 times and 55.1 times, respectively.
For further details see:
Thomson Reuters: Venture Capital Fund And Cloud Migration In The Limelight