Thomson Reuters Acquires Zawya Ltd.

By Amwal Al Ghad English On Jun 25, 2012

Thomson Reuters Corp. TRI +0.36% said Monday it has acquired Zawya Ltd., a privately held company that supplies business and financial information about the Middle East and North Africa.

Thomson Reuters didn’t disclose the financial details of the transaction, but said it purchased Zawya from a group of shareholders led by Dubai-based investment firm Saffar. The acquisition is in line with Thomson Reuters’ long-term commitment to investing in the MENA region, it added.

Dow Jones & Co., the publisher of this newswire, has had an agreement with Zawya since 2006 to supply business news to Zawya’s online service.