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20:13

Caution on Thomson Reuters' FT acquisition, a rumor put forth by Michael Wolff

Politico :: Senior staffers at Reuters write in to provide some context for a rumor put forth by Michael Wolff today that Thomson Reuters is in talks with the Financial Times to buy the salmon-colored daily:

"That rumor has been around for years," one senior staffer told me. "Wolff hedges quite a bit... It appears he says with some certainty that talks are now on, then says it's very informal, then says it might not amount to anything." "Some version of the FT rumor has been floating around for a long time," another wrote. "Much depends on what the selling price would be, and whether the Thomson Reuters board and shareholders, who've been dealing with an underperforming stock for some time, would be willing to support it." Part of the problem here is that Wolff's source is a single senior executive at Thomson Reuters, who also appears to be hedging.

Continue to read Dylan Byers, www.politico.com

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