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Thomson Corp. (TOC-TO), based in Toronto, has approached Reuters to attempt to work out a deal to buy the financial services company. Reuters (RTRSY) confirmed that they've been approached by a suitor.

Some wondered if it was in response to Rupert Murdoch's bid for Dow Jones & Co. (DJ), but sources said in response, "Thomson is a big thoughtful company that makes long-range plans and doesn't do hostile deals. Reuters is not an instant decision on Thomson's part."

A number of people have felt that this would be a great fit based upon the fact that Thomson Corp. generates most of its revenue from electronic information while Reuters is the largest publically traded financial information provider. Thomson also has a strong North American presence whereas Reuters is strong in the UK and continental Europe.

As of Friday's share price, the company was worth $18 billion at enterprise value, which is the net debt and equity of the company.

One of the biggest hurdles will be what's called a "golden share," which is common in European companies that used to be government owned. It is a single share that can be used to out-vote all other shares in unique circumstances such as hostile takeovers.