views

Thomson Reuters in talks with Breakingviews site

THOMSON Reuters, the financial information service, is in takeover talks with Breakingviews.com, the financial analysis company.<br /><br />Breakingviews, which was founded by former Financial Times journalist Hugo Dixon nine years ago, has been expanding rapidly, investing heavily in New York and the far east.<br /><br />It is said to be profitable in Europe but loss-making outside Europe where it is investing heavily in growing its market.<br /><br />It has around 17,000 subscribers for its internet service but has syndication deals with a number of newspapers including The New York Times, the Telegraph, Handelsblatt and Le Monde.<br /><br />Its directors included Lord Davies until he was forced to resign all directorships when he left Standard Chartered to become Trade Minister for the government. Roland Rudd of Finsbury is a current director.