Thomson Reuters buys Zawya

Mideast online business information provider Zawya is the latest regional Internet property to be snapped up by overseas investors

June 26, 2012

Fatma Al Dubais



 


DUBAI — News and data company Thomson Reuters Corp. said Monday it has bought Mideast online business information provider Zawya, the latest regional Internet property to be snapped up by overseas investors.



New York-based Thomson Reuters acquired Zawya from a group of shareholders led by Saffar Holdings, a privately held financial service and investment company in Dubai. Saffar confirmed the deal.



Saffar acquired a majority stake in Zawya in 2001, a year after the online service began operating in London. Zawya later moved its operations to Dubai and set up the Dow Jones partnership in 2006.



The acquisition will not affect Dow Jones’ existing relationship with Zawya, Dow Jones spokeswoman Kim Gagliardi said. — AP


June 26, 2012
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