Oct 3 (Reuters) - Thomson Reuters ( TRI ) said
on Thursday that it was selling its FindLaw business to Internet
Brands.
FindLaw provides online legal information and resources such
as legal news, blogs, and state and federal laws.
Thomson Reuters ( TRI ), which owns Reuters News, and Internet
Brands did not immediately respond to requests for details on
the deal value.
FindLaw's growth rate has lagged other parts of Thomson
Reuters' ( TRI ) legal business, which includes WestLaw and Practical
Law, the company has said in recent quarters.
The deal is expected to close in the fourth quarter, pending
regulatory approvals.
Internet Brands owns several online businesses, including
WebMD, Medscape and CarsDirect.
(Reporting by Akash Sriram in Bengaluru; Editing by Alan Barona
and Anil D'Silva)