Blackstone sees data, not desktop products, as future of Thomson Reuters F&R unit

Reuters Friday, 2 February 2018 ()
NEW YORK (Reuters) - Blackstone Group LP President Tony James said on Thursday the future of the Thomson Reuters Financial and Risk business is in selling data, not in selling terminal desktop products to traders, bankers and investors.
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News video: Blackstone bets big with Thomson Reuters tie-up

â–¶ Blackstone bets big with Thomson Reuters tie-up 01:38

 U.S. private equity firm Blackstone Group LP catapults itself into the major leagues of Wall Street's financial information industry with the acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp. David Pollard reports.