IHS Markit, S&P Global Agree to Sell OPIS, Related Assets to News Corp for $1.15 Billion
02 Agosto 2021 - 7:06AM
Noticias Dow Jones
By Dave Sebastian
IHS Markit Ltd. and S&P Global Inc. said they agreed to sell
IHS Markit's Oil Price Information Service and related assets to
News Corp for $1.15 billion.
The businesses being sold also include Coal, Metals and Mining
and PetroChem Wire, the companies said Monday. S&P Global in
late 2020 agreed to buy IHS Markit for about $44 billion, a
landmark deal that would combine two of the largest providers of
data to Wall Street.
S&P Global and IHS Markit said the sale marks the
culmination of their decision to explore a divestiture of the
businesses as it works to get regulatory approval for the
combination. They said they expect to complete the sale at the
close of the combination in the fourth quarter.
News Corp, which owns The Wall Street Journal, HarperCollins
Publishers and news organizations in the U.K. and Australia, among
other assets, said the data, analytics and insights provider will
become part of Dow Jones' professional information business, which
includes Dow Jones Risk & Compliance, Dow Jones Newswires and
Factiva.
News Corp said it expects to get an estimated tax benefit of
$180 million as part of the deal.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
August 02, 2021 08:06 ET (12:06 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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