[LONDON] The London Stock Exchange Group Plc (LSE) said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings Ltd for US$27 billion, including debt. Read more at The Business Times.
[LONDON] The London Stock Exchange Group Plc said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings Ltd for US$27 billion, including debt.
Thomson Reuters, a professional information company that is the parent of Reuters News, currently holds a 45 per cent stake in Refinitiv. It confirmed the negotiations in a statement and said it will own a 15 per cent stake in LSE if the deal is completed.
A merger would significantly expand LSE's information services business, which the bourse operator has been building as a more stable source of cash flow than its primary transaction-reliant businesses. The LSE has failed several times to merge with rival Deutsche Boerse AG. Mr Schwimmer was appointed CEO last August after the LSE's most recent attempt to do a deal with Deutsche Boerse failed.
It caters to traders and investment professionals, who also use LSE's exchanges. It is the biggest client for news of Reuters News under a 30-year contract signed last year. It has also been in talks with Deutsche Boerse about selling its foreign exchange electronic trading platform FXall.
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