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

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Britain's LSE seals $27 billion Refinitiv deal...
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London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, 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.

“This transaction is a defining moment for LSE in terms of its strategic importance,” the exchange’s chairman Don Robert said in a statement.

The deal comes ten months after a Blackstone-led...


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


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