{"id":123024,"date":"2020-11-30T17:28:36","date_gmt":"2020-11-30T14:28:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sp-global-to-buy-data-provider-ihs-market-for-44-billion\/"},"modified":"2020-11-30T17:28:36","modified_gmt":"2020-11-30T14:28:36","slug":"sp-global-to-buy-data-provider-ihs-market-for-44-billion","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sp-global-to-buy-data-provider-ihs-market-for-44-billion\/","title":{"rendered":"#S&P Global to buy data provider IHS Market for $44 billion"},"content":{"rendered":"

“#S&P Global to buy data provider IHS Market for $44 billion<\/strong>”<\/p>\n

\n S&P Global has agreed to buy rival financial data provider IHS Markit for $44 billion in the largest merger deal of the year, the companies announced Monday.<\/p>\n

The massive all-stock tie-up will create a powerful player in the competitive financial information market by uniting one of the industry\u2019s oldest firms with a younger competitor that has seen rapid growth.<\/p>\n

IHS Markit stockholders will trade in each of their shares in the company for about 0.3 shares of S&P Global stock under the terms of the deal, which is expected to close in the second half of next year. S&P\u2019s existing shareholders will own about 68 percent of the combined company, while Markit stockholders will own the remaining 32 percent, according to a news release.<\/a><\/p>\n

\u201cThis merger increases scale while rounding out our combined capabilities, and accelerates and amplifies our ability to deliver customers the essential intelligence needed to make decisions with conviction,\u201d said S&P Global CEO Douglas Peterson, who will be chief executive of the combined firm.<\/p>\n

The announcement sent IHS Markit\u2019s stock price soaring 7.5 percent in premarket trading Monday to $99.50 as of 8:37 a.m., while S&P Global shares were recently down about 0.2 percent at $341.<\/p>\n

S&P Global has been a mainstay in the financial services world for decades. While its history dates back to the 19th century, the New York-based company is best known today for its credit ratings and its benchmark stock indexes such as the S&P 500, which is used as a barometer for the US stock market as a whole.<\/p>\n

London-based IHS Markit took its current form just four years ago but has become a major supplier of financial data with more than 50,000 business and government customers. The company grew out of Markit\u2019s 2016 takeover of American database provider IHS.<\/p>\n

\"Douglas
Douglas L. Peterson, CEO of S&P<\/span>Visual China Group via Getty Images<\/span><\/figcaption><\/figure>\n

The mega-merger comes amid a ramp-up in dealmaking as progress toward coronavirus vaccines raises hopes that the economy will soon recover from the deadly global pandemic. More than $1 trillion worth of deals were recorded in the July-to-September quarter, with transactions mostly concentrated in resilient industries such as technology<\/a> and health care, Refinitiv data show<\/a>.<\/p>\n

With Post wires<\/em>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#S&P Global to buy data provider IHS Market for $44 billion” S&P Global has agreed to buy rival financial data provider IHS Markit for $44 billion in the largest merger deal of the year, the companies announced Monday. The massive all-stock tie-up will create a powerful player in the competitive financial information market by uniting…<\/p>\n","protected":false},"author":1,"featured_media":123025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/11\/market-merge-41.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[82193,72366,5069,76223],"class_list":["post-123024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-30-20","tag-data","tag-economy","tag-finances"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/123024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=123024"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/123024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/123025"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=123024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=123024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=123024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}