Thomson Reuters Corporation is a multinational mass media and information company based in Canada. The company operates across the financial, media, legal and science industries. In 2016, Thomson Reuters sold its Intellectual Property & Science (IP&S) business to private equity funds for $3.55 billion in cash. The IP&S business provides comprehensive intellectual property and scientific information, decision support tools and services that enable the governments, academia, publishers and corporations to discover, protect and commercialise new ideas and brands. With the sale of the IP&S business, Thomson Reuters will be even more focused on operating at the intersection of global commerce and regulation.

(i) Briefly explain the four (4) types of corporate-level strategy (without identifying the specific options in each type).

(ii) Identify the type of corporate-level strategy that Thomson Reuters pursued. Briefly explain all the options available within that type of strategy, and select the option that applied to Thomson Reuters. Provide evidence from the case facts to support your answer.

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