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

Last Updated on 13/10/2021 by


Business & FinanceDeals

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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