Britain’s LSE seals US$27 billion Refinitiv deal to create data giant

(1 Aug 2019) London Stock Exchange has agreed to buy financial information business Refinitiv in a US$27 billion deal, it said on Thursday (Aug 1), in a move to transform the British company into a market data and analytics giant.

The Refinitiv deal will turn LSE into a major distributor as well as creator of financial market data, positioning it as a competitor to Bloomberg.

Read more here.