Summary:

Thomson Reuters (NSDQ: TRIN) is closer to a deal to buy U.K.-based financial news site Breakingviews.com, according to The Sunday Times. The…

Ning Money Burn
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Thomson Reuters (NSDQ: TRIN) is closer to a deal to buy U.K.-based financial news site Breakingviews.com, according to The Sunday Times. The Times cites unidentified sources inside Thomson Reuters that put the deal price at about $14 million (£10 million). News that the two companies were first negotiating a sale leaked back in July; though neither would confirm. Breakingviews declined comment today; we have not yet heard back from TR.

Founder Hugo Dixon would walk away with about $3.9 million (£2.7 million), according to the Times. Next in line would be Roland Rudd; a senior partner at London-based financial services PR firm Finsbury, Rudd stands to make about $2 million (£1.4 million) from the deal. Other investors include a number of prominent U.K. financial and political figures, including trade minister Lord Davies and Stephen Hester, CEO of the Royal Bank of Scotland; the WSJ also has a small stake in Breakingviews.com.

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