Business & FinanceDeals

Reuters reveals S&P’s $44 bln IHS deal set to win EU antitrust approval; market reacts

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.

Market Impact

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.

Article Tags
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
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