Breaking-Finance.Com - S&P Global is said to be closing on a deal to buy IHS Markit for $44 billion, creating a powerhouse in the provision of market data information services. The deal could be announced as soon as Monday, with S&P set to pay around $44 billion in stock, according to a report in the Wall Street Journal.

.88 billion based on the stock’s last close on Friday, Reuters calculations showed, with its share price up around 22% so far this year.Any deal between the two will likely be put under the microscope by competition watchdogs, as the global market for financial information services consolidates around a few mega-vendors.

Source = Breaking-Finance.Com

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