July 14 (Reuters) - Thomson Reuters ( TMSOF ) :
* CO AND KKR ANNOUNCE JOINT VENTURE FOR THOMSON REUTERS
GLOBAL PRINT BUSINESS
* TO SELL 51% STAKE IN GLOBAL PRINT BUSINESS TO KKR
* TO RECEIVE $500 MILLION IN GROSS PROCEEDS, RETAIN 49%
EQUITY INTEREST IN JV WITH KKR
* TO MAINTAIN INTELLECTUAL PROPERTY RIGHTS AND FULL
EDITORIAL CONTROL OVER CONTENT PORTFOLIO
* TO PROVIDE CERTAIN FINANCIAL SUPPORT FOR MINIMUM RETURN TO
KKR ON INVESTMENT IN JV
* NEW JV WILL HOLD AN EXCLUSIVE LICENSE TO DISTRIBUTE
CONTENT IN PRINT AND ON PROVIEW, GLOBAL PRINT'S EBOOK PLATFORM
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