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S&P Global in talks to buy IHS Markit


A deal could be announced as early as Monday

Stocks impacted: S&P Global Inc (SPGI), IHS Markit (INFO)

S&P Global is in advanced talks to buy IHS Markit for about $44 billion. S&P’s deal for IHS would be the largest of the year globally, topping both chip maker Nvidia Corp.’s nearly a $40-billion deal to buy chip designer Arm Holdings. IHS Markit was valued at $36.9 billion as of the close on Friday. The stock has risen 23% this year, compared with S&P Global’s 25% gain. A deal could be announced as early as Monday, as the two companies were finalizing the agreement. Earlier, London-based IHS Markit had been considered a potential takeover target for ICE. S&P Global has been exploring options to bolster its data business since it bought SNL Financial for $2.2bn in 2015. Markit stocks finished 0.30% higher on Friday while S&P Global gained over 1%.

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