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Further to my previous post on Merrill Lynch's ruminations over whether or not to shed its 20% stake in Bloomberg (Just how rich is Michael Bloomberg?), maybe we should also be asking: Just how much is Thomson Reuters worth?
Citigroup noted that a deal at this price would value Thomson Reuters at somewhere between £18.70 and £32.50 per share.
However, the broker added: "Unfortunately a re-rating of Thomson Reuters is not a certainty even if Merrill is successful in selling the Bloomberg stake in the speculated range, given the level of uncertainty over the outlook for the financial services end-market."
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