Neil Hume of The Guardian reports that Reuters news agency’s share prices soared because of a rumour that Google is interested in buying it.


According to Neil Hume of The Guardian, Reuters, the news and financial information group, became the latest to benefit from a rumour that Google is interested in buying it. He says, “Reuters’ shares, which have underperformed the wider market by nearly 15% over the past three months, closed 6.75p higher at 368.5p yesterday, excited by wild talk of a bid from Google.”

Google recently announced plans to raise $4bn (£2.2bn) through a secondary share issue, a move that triggered speculation that the company, which already has $3bn on its balance sheet, is to buy Reuters.

Gary Stein of Jupiter Research, points out Google buying Reuters isn’t likely to happen but if they did, it would give them some strong content to put on the Wi-Fi network they are considering for the future.

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