Thomson and Reuters discuss merger

 The Canadian media group Thomson has made a takeover offer to the news agency Reuters. Both companies are in takeover talks, Reuters announced. The new group is to be called Thomson-Reuters. However, the core business with financial data and news for investors and the media will continue to operate under the Reuters brand name. Reuters, based in London, is one of the largest news agencies in the world. The merger would create the world's largest financial information service provider - and replace its US competitor Bloomberg as market leader.