S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $44bn in stock, a deal that accelerates the wave of consolidation among the finance industry\u2019s biggest data providers.<\/p>\n\n\n\n
The mega transaction, which IHS Markit CEO Lance Uggla told employees in a note that has been in the works for the past few months, highlights the growing importance of big data in financial markets that are governed by information-hungry trading algorithms.<\/p>\n\n\n\n
IHS has a market value of around $36.88 billion based on the stock’s last close on Friday, a Reuters calculation showed, with its share price up around 22% so far this year.<\/p>\n\n\n\n
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S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $44bn in stock, a deal that accelerates the wave of consolidation among the finance industry\u2019s biggest data providers. The mega transaction, which IHS Markit CEO Lance Uggla told employees in a note that has been in the works for the past few months, …<\/p>\n","protected":false},"author":9,"featured_media":32268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6998,7271,1733],"class_list":["post-37857","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-global","tag-ihs","tag-sp"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=37857"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37857\/revisions"}],"predecessor-version":[{"id":37858,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37857\/revisions\/37858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32268"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=37857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}