Press Release Oct 3 2024
Oct 3 (Reuters) – Thomson Reuters (TRI.TO), opens new tab, (TRI.N), opens new tab 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, 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’ 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.
Info
Legal Division
The company’s legal division serves consumers and attorneys and includes Avvo, Martindale Hubbell, and Nolo Its services and platforms for attorneys were collectively rebranded Martindale-Avvo in 2018. The company’s Martindale Hubbell ownership originated in 2013 as a Joint Venture with LexisNexis, though the Martindale business traces its roots to 1868.
In October 2024, Thomson Reuters announced it would sell online legal information provider FindLaw to Internet Brands.
