Thomson Reuters Corporation (TSX:TRI) signed a definitive agreement to acquire SurePrep, LLC for approximately $500 million on November 11, 2022. Thomson Reuters welcomes David Wyle and SurePrep colleagues to the team, ensuring continuity for customers, partners and employees as they continue to offer SurePrep as a market solution. Closing of the transaction is subject to specified regulatory approvals and customary closing conditions and is anticipated to occur in the first quarter of 2023. Thomson Reuters expects to receive an estimated tax benefit with a net present value at time of purchase of approximately $60 million as part of the transaction. Acquired deferred revenue is expected to be a modest free cash flow drag in the first year.

Thomson Reuters Corporation (TSX:TRI) completed the acquisition of SurePrep, LLC on January 3, 2023.