Gobble, gobble
May. 8th, 2007 08:37 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
johnridleyAbout 12 years ago, I went to work for a company called Creative Solutions with 130 employees. We write tax and accounting software. A few years after that, we got bought by Thomson, which is a pretty large company with about 30,000 employees, based in Canada and with interests in a lot of companies. Still, they mainly do information, accounting and legal stuff.
Just got an email this morning; apparently Thomson is merging with Reuters. It's always hard to tell from the outset what a "merger" is going to be; whether the final company looks more like one or the other, and whether the business units under each will get shaken or not. AFAIK Reuters doesn't have any divisions currently that write tax and accounting software, and Creative Solutions seems to have risen to near the top of the bunch of companies that Thomson owns that do this sort of thing, so I guess we're OK.
Just got an email this morning; apparently Thomson is merging with Reuters. It's always hard to tell from the outset what a "merger" is going to be; whether the final company looks more like one or the other, and whether the business units under each will get shaken or not. AFAIK Reuters doesn't have any divisions currently that write tax and accounting software, and Creative Solutions seems to have risen to near the top of the bunch of companies that Thomson owns that do this sort of thing, so I guess we're OK.
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no subject
Date: 2007-05-15 08:42 am (UTC)no subject
Date: 2007-05-15 12:59 pm (UTC)no subject
Date: 2007-05-15 03:37 pm (UTC)"The deal will now have to be approved by both sets of shareholders and regulators in the US and Europe. The takeover could also face hostility from employees of both companies, as trade unions have expressed concern about possible job losses."
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=DZISANGAZ4KMXQFIQMGSFFOAVCBQWIV0?xml=/money/2007/05/15/bcnreuters15.xml
From what you said previously, it doesn't seem likely that this should affect your part of the emlarged empire - more the journos in the business/news/wire areas.
The Times has quite a bit to say in similar vein, in a number of items:
http://business.timesonline.co.uk/tol/business/industry_sectors/media/article1791677.ece
It is interesting that Reuters have managed to overcome the 15% limit - a friend of mine who worked there for years always thought that was set in stone.