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S&P Global to acquire IHS Markit for $44 billion

S&P Global is nearing to acquire the deal of buying IHS Markit for about $44 billion bringing the two biggest financial information and analytics data companies together, according to the familiar people with the deal stated and an agreement could happen as early as Monday.

With S&P Global market value of $82 billion and IHS Markit about $37 billion, the deal would be the largest of the year. The last couple of years have seen a surge in financial data via a computer-driven system. The deal could form a direct threat to Refinitiv, which was acquired by the London Stock Exchange for $27 billion a year ago. IHS Markit formed out of the merger between IHS and Markit in 2016, has tripled its market value since the merging of two companies.

According to the Financial Times Source who was not directly involved in the talks between S&P Global and IHS Markit, said that even if the two reached an agreement it would still be possible for a rival buyer to gatecrash the deal with a higher offer. The deal will represent a massive boost for S&P Global in data-driven business after they acquired SNL Financial for $ 2.2 billion in 2015.