Reuters has revealed that it has received a bid approach from an unidentified third party which has seen its shares rise over 25%.
There are rumours that the bidder could be Canadian information group Thomson Corporation or search engine giant Google.
Although Newscorp has also been mentioned as a possible bidder, it is unlikely as Reuters has share structures in place to keep it independent.
Reuters shares were the biggest climber in the FTSE 100, growing 135p, or 27%, to 627.25p and valuing the company at around £8 billion.
Reuters’ constitution says that no person may have 15% or more of Reuters issued shares.
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