Thomson reuters corporation signs definitive agreement to acquire casetext

Toronto , june 26, 2023 /prnewswire/ -- thomson reuters corporation ("thomson reuters") (nyse / tsx: tri), a global content and technology company, today announced it has signed a definitive agreement to acquire casetext, a california-based provider of technology for legal professionals, for $650 million cash. the proposed transaction will complement thomson reuters existing ai roadmap and builds on its recent initiatives, including a commitment to invest more than $100 million annually on ai capabilities, the development of new generative ai experiences across its product suite, as well as a new plugin with microsoft and microsoft 365 copilot for legal professionals.
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