Thomson Reuters report on a cosolidated basis. It generates approximately $16KB worth of annual revenues. It recently entered into venture with annother firm (Blackstone) to create a new company in which Thomson Reuters would hold approximately 45% of the stock of NewCo; and Blackstone would hold 55% of the stock (of the NewCo). Thomson Reuters then sold one line of business that typically generated about $8B of revenues to Thomson Reuters for approximately $20B.

Since Thomson Reuters no longer owns the former business and its not controlling owner of the NewCo how will this likely impact Thomson Reuters going forward. It has $20B in cash but did it completely lose the revenues of the old company? How does the equity method of accounting present the new relationship? What is the impact of this deal to Thomson Reuters?