S&P Global in advanced talks to buy IHS Markit for about $44 billion - WSJ
(Reuters) - S&P Global Inc is in advanced talks to buy London-based IHS Markit Ltd for about $44 billion in a deal that would combine two major data providers, the Wall Street Journal reported on Sunday, citing people familiar with the matter.A person familiar with the matter confirmed to Reuters that S&P Global was nearing a deal to buy IHS.The deal, which at that price would be the largest of the year, could be announced as soon as Monday, according to the WSJ report. (https://on.wsj.com/2VtPXql)S&P Global and IHS did not immediately respond to Reuters` requests for comment.S&P Global provides debt ratings of sovereigns, companies, as well as data to capital and commodity markets around the world.IHS` diverse set of businesses range from selling data on automotive and technology industries to publishing Jane`s Defence Weekly. The company was formed after U.S.-based IHS Inc bought Britain`s Markit Ltd in 2016.IHS has a market value of around $36.88 billion based on the stock`s last close on Friday, Reuters calculations showed. (Reporting by Maria Ponnezhath, Shubham Kalia in Bengaluru and Greg Roumeliotis in New York, Editing by Sherry Jacob-Phillips and Shounak Dasgupta) The story has been taken from a news agency
(Reuters) - S&P Global Inc is in advanced talks to buy London-based IHS Markit Ltd for about $44 billion in a deal that would combine two major data providers, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
A person familiar with the matter confirmed to Reuters that S&P Global was nearing a deal to buy IHS.
The deal, which at that price would be the largest of the year, could be announced as soon as Monday, according to the WSJ report. (https://on.wsj.com/2VtPXql)
S&P Global and IHS did not immediately respond to Reuters` requests for comment.
S&P Global provides debt ratings of sovereigns, companies, as well as data to capital and commodity markets around the world.
IHS` diverse set of businesses range from selling data on automotive and technology industries to publishing Jane`s Defence Weekly. The company was formed after U.S.-based IHS Inc bought Britain`s Markit Ltd in 2016.
IHS has a market value of around $36.88 billion based on the stock`s last close on Friday, Reuters calculations showed.
(Reporting by Maria Ponnezhath, Shubham Kalia in Bengaluru and Greg Roumeliotis in New York, Editing by Sherry Jacob-Phillips and Shounak Dasgupta)
The story has been taken from a news agency
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