04:23 PM EDT, 10/03/2024 (MT Newswires) -- Thomson Reuters ( TRI ) , edged lower in US after-hours trading Thursday as it agreed to sell its FindLaw business to Internet Brands for an undisclosed sum.

Thomson Reuters ( TRI ), the global news and technology company, said the transaction will allow both it and the buyer to concentrate on their strategic priorities. The sale is expected to close by year end, pending regulatory approvals.

Internet Brands is a fully integrated online media and software services company that is a an operator of digital platforms in high-value vertical categories, including Health and Legal.

Thomson Reuters ( TRI ) shares were last seen down US$0.03 to US$168.91 in after-hours New York trading. They closed down $1.30 to $228.95 on the Toronto Stock Exchange.