Reuters, the global news and information company, has raised $504m (€402.8m) from the sale of 60 million Tibco shares.

Reuters said it had sold 40 million shares priced at $6.85 in a public sale, raising $411m. Tibco, which makes software known as "middleware" and helps connect disparate systems, bought an additional 16.8 million shares in a connected repurchase agreement, also at $6.85 per share, raising a further $115m.