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Thomson Reuters (TR) reports on a consolidated basis. It generates approximately $16KB worth of annual revenues. It recently entered into a venture with another firm

Thomson Reuters (TR) reports on a consolidated basis. It generates approximately $16KB worth of annual revenues. It recently entered into a venture with another firm (Blackstone) to create a new company in which TR would hold approximately 45% of the stock of NewCo; and Blackstone would hold 55% of the stock (of the NewCo). TR then sold one line of business that typically generated about $8B of revenues to TR for approximately $20B. Thomson Reuters no longer owns the former business and its not controlling owner of the NewCo

Explain the current stock price and rationalize why it hasn't decreased significantly?

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