Business & FinanceDeals
12 October 2021, 6:13 pm. 1 minute
Reuters exclusively reported that business information provider S&P Global Inc is set to secure EU antitrust approval for its $44 billion takeover of IHS Markit Ltd, taking it a step closer to becoming a data powerhouse. The deal, announced last November, reflects the consolidation in the financial information services sector as companies race to create one-stop shops to lure the biggest clients and invest in artificial intelligence and machine learning.
Following the Reuters report, S&P shares reversed earlier losses and gained more than 1.3%, while IHS shares added 1.6% in mid-trade.
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & FinanceEquitiesFinancial Services
Regions: EuropeGlobalNorth America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story