Thomson Reuters forms joint venture with KKR for Global Print business
KKR will take a 51% stake in Thomson Reuters’ Global Print unit as revenues in the business fell 6% in 2025 and the company leans harder into AI and workflow tools.
Thomson Reuters agreed to form a joint venture with KKR for its Global Print business, giving the private equity firm a 51% stake in a unit that serves legal and tax professionals, governments, law schools and corporations around the world. Thomson Reuters expects about $500 million in gross proceeds at closing and will keep intellectual property rights and full editorial control over the content portfolio.
The venture will hold an exclusive license to distribute the content in print and on ProView, the unit’s eBook platform. Thomson Reuters expects the transaction to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions.
Steve Hasker, Thomson Reuters’ president and chief executive, said the deal would give the Global Print business “the focused investment, operational capabilities, and independence to thrive as a standalone business,” while allowing the company to sharpen its focus on “innovative fiduciary-grade AI solutions” for legal, tax, audit and compliance customers. Brian Dillard, a KKR partner, called the print platform a trusted reference business and said KKR sees an opportunity to support it as a standalone proposition.
The move follows a year of shrinking print revenue. Thomson Reuters said Global Print revenue fell 6% for full-year 2025, after declines of 7% in the second quarter and 4% in the third quarter. At the same time, the company’s “Big 3” segments, Legal Professionals, Corporates and Tax, Audit & Accounting Professionals, accounted for 82% of total revenue in 2025 and grew 9% organically in the fourth quarter and for the full year.
In November 2025, Thomson Reuters recast the operation as Core Print Solutions, a 150-year legacy business that began in 1876 as the John B. West bookstore in Eagan, Minnesota. The unit operates a 1.3-million-square-foot facility there, has 17 billion pages of annual print capacity, and Thomson Reuters invested $20 million in print technology.
Core Print Solutions prints about 30 million books annually, Thomson Reuters said in November 2025.
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