Thomson Reuters Corporation (TSX/Nasdaq: TRI) has signed a definitive agreement to form a joint venture with KKR (NYSE: KKR), under which Thomson Reuters will sell a 51% stake in its Global Print business to capital accounts advised by KKR.

Thomson Reuters will receive approximately $500 million in gross proceeds at closing and will retain a 49% equity interest in the joint venture. The company will also maintain intellectual property rights and full editorial control over its content portfolio. The new joint venture will hold an exclusive license to distribute content in print and on ProView, Global Print's eBook platform.

The Global Print business provides legal and tax information in print format and via ProView to customers in the United States, Canada, and the United Kingdom. It also offers commercial printing services to book publishers across trade, government, faith-based, university, and children's book segments.

As part of the transaction, Thomson Reuters has agreed to provide certain financial support designed to give KKR a minimum return on its equity investment under certain circumstances. The transaction is not subject to any financing conditions.

"We believe this transaction with KKR provides our Global Print business with the focused investment, operational capabilities, and independence to thrive as a standalone business," said Steve Hasker, President and CEO of Thomson Reuters.

KKR Partner Brian Dillard, Co-Chief Investment Officer for Global Atlantic, said the firm sees "a compelling opportunity both to support the Global Print business as a standalone proposition and to help Thomson Reuters optimize its portfolio of businesses."

The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the fourth quarter of 2026. Centerview Partners LLC is serving as financial advisor to Thomson Reuters.