Thomson Reuters has entered into a definitive agreement to acquire Casetext, a Y Combinator–backed legal tech startup. The deal, valued at $650 million in cash, is expected to close in the second half of 2023, subject to regulatory approvals and customary closing conditions.

“The acquisition of Casetext is another step in our ‘build, partner and buy’ strategy to bring generative AI solutions to our customers,” Thomson Reuters CEO Steve Hasker said in a canned statement. “We believe that Casetext will accelerate and expand our market potential for these offerings — revolutionizing the way professionals work, and the work they do.”

Read more at TechCrunch…


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