London Stock Exchange has agreed a $27 billion all-share takeover of the financial data provider Refinitiv to create a major global market data and infrastructure company that could rival Bloomberg.
The deal combines the world’s oldest bourse with the provider of Eikon terminals, which offer live data feeds and news to trading floors across the City.
Don Robert, the LSE chairman, said that the acquisition was a “defining moment” for the exchange in terms of its strategic importance. It is the biggest acquisition by a UK-listed company this year by far.
The exchange, which traces its roots to the 17th century, is behind the FTSE and the Borsa Italiana in Milan and also owns the clearing house LCH.
David Schwimmer, the former Goldman Sachs banker…
https://www.thetimes.co.uk/article/lse-deal-creates-global-data-business-to-rival-bloomberg-mhxsk7lps
2019-08-01 08:00:00Z
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