The Toronto-based media conglomerate announced it has acquired about 54 per cent of the Swedish invoicing company and has raised its offer for the remaining shares by 25 per cent, valuing the company at just over $1 billion. (The Logic)

Talking point: The increased bid tops a rival one from U.S.-based sales and tax management services company Avalara and is about 39 per cent higher than another from Vertex, which the U.S. tax technology company withdrew Sunday. Thomson Reuters has now purchased shares—and secured the votes that come with them—from key shareholders including Summa Equity and Pagero CEO Bengt Nilsson. The independent bid committee of Pagero’s board of directors unanimously recommends shareholders accept the offer. Thomson Reuters has said acquiring Pagero would help expand its indirect tax offerings. It would also add to its recent string of big acquisitions, which includes its US$650-million purchase of legal AI tech firm Casetext.