India Business Journal - S&P Global to buy IHS Markit

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S&P Global to buy IHS Markit

IBJ Bureau
Dec 29, 2020

S&P Global has agreed to buy analytics group IHS Markit in a $44-billion deal that will create a data and information powerhouse able to compete with Bloomberg, the market leader. The largest deal of 2020 will give S&P Global, best known for its rating agency, a data provider that supplies financial information to 50,000 customers across businesses and governments. It is the US group’s most substantial effort to create a financial information juggernaut and the latest in a string of deals in the sector, with consolidation driven by the need to offer services ranging from data provision to trading.