The quest to build a legitimate competitor to Bloomberg and its ubiquitous terminals continues Monday as IHS Markit and S&P Global confirmed reports about a buyout worth some $44 billion.
According to WSJ, S&P Global plans to buy its smaller rival to create “a powerful challenger to information powerhouses Bloomberg and Refinitiv,” assuming the deal goes ahead.
The move would mark the latest round of consolidation among large data providers: A year ago, the London Stock Exchange moved to acquire Refinitiv – formerly known as Reuters’ financial data business – for $27 billion a year ago. New York Stock Exchange owner Intercontinental Exchanges struck its largest deal ever after it agreed to buy US mortgage data provider Ellie Mae for $11 billion.
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