S&P to acquire IHS Markit to create biggest market data provider

Standard & Poor’s Global (S&P) rating agency shows intention to take over the market analytics company IHS Markit for USD 44 billion. If the takeover continues, two of the largest providers of data on Wall Street will be combined.

S&P is an American credit rating agency. The best-known part of the company assesses companies and countries and gives ratings. Those ratings provide an indication of the repayment capacity and risk of a loan. The American-British IHS Markit analyzes data and does statistical research. The company was worth nearly $ 37 billion on Friday after the stock market closed.

Previously, financial service provider and data provider Refinitiv was taken over by the British Stock Exchange Company London Stock Exchange (LSE). This merger created one of the world’s largest providers of financial data and analysis tools. LSE is already a supplier of stock exchange information in addition to the owner of the London Stock Exchange, and many other information systems are added by the transaction. Refinitiv the former subsidiary of Thomson Reuters. In 2018 the company was separated.