The Thomson Reuters logo inside lobby of company building in Times Square, New York Thomson Reuters (Reuters) - Thomson Reuters Corp said it was exploring strategic options for its Intellectual Property & Science business.

The business had revenue of about $1 billion in 2014.

The company said it planned to use any net proceeds from a potential transaction for general corporate purposes, including investing in its core businesses, repaying debt and accelerating share buybacks.

(Reporting by Supantha Mukherjee in Bengaluru; Editing by Ted Kerr)