Thomson Reuters (TRI) said Tuesday it has agreed to sell a 51% stake in its global print unit to KKR (KKR) for roughly $500 million in a joint venture transaction expected to close in Q4.

The media company will retain a 49% ownership interest while keeping intellectual property rights and complete editorial control over the content, the company said.

The newly formed partnership will hold an exclusive license to distribute the legal and tax materials physically and via the ProView digital platform, Thomson Reuters said.

The company will also offer financial backing to guarantee KKR receives a minimum return on its equity contribution under specific conditions, it said.