Reuters to reduce Tibco stake

Electronic media group Reuters are to offload 40m of its 103m shares in integration software company Tibco.

Wed, 21 Jan, 2004 - 10:32

Electronic media group Reuters are to offload 40m of its 103m shares in integration software company Tibco.

The sale is expected to see Reuters reduce its stake to about 30% and could raise over $200m (€158m) and is part of a broader strategy to reduce its 49% stake in the Nasdaq-quoted firm.

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