Thread regarding Refinitiv layoffs

FxAll, nice knowing you....

https://www.reuters.com/article/us-refinitiv-divestiture-fxall-exclusive-idUSKCN1RM2IC this is "enabling Refinitiv to trim its debt pile following its acquisition last year by a consortium led by Blackstone Group LP in a $20-billion leveraged buyout." They should just make "trim debt pile" all our goals for the year and be done with all the performance nonsense. Which product will be next up for sale?

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Post ID: @YxZzjCY

6 replies (most recent on top)

I would think it would be Auf Wiedersehen und viel Gl├╝ck!

The diatribe about patient capital and aligning complementary portfolios was slightly misguided.. a bit like the data business was and the company they already had in the portfolio would complement TR.... Sold after the TR close! Realise, it is a leveraged buy out and that it how they make money team!

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Post ID: @YxZzjCY-9not

Not a bad return on investment.

FXALL was purchased in 2012 for $650 million and now being sold on (if press is correct) for $3.5 billion :-)

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Post ID: @YxZzjCY-4pld

Sue, trade web IPOed the first week of April. Do the people that post here even work at Refinitiv?

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Post ID: @YxZzjCY-2rzq

I reckon it will be a good thing being sold. FX teams (and it is not clear who is involved), will be with a company that wants to invest and promote its staff. The FX area is still influenced by many of those that transitioned into TR from Fxall following the acquisition. It's needs a good clear out.

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Post ID: @YxZzjCY-1kru

Chop Shop!?

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Post ID: @YxZzjCY-1xiw

Trade web next

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Post ID: @YxZzjCY-erl

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