Jul 27, 2019

London Stock Exchange group in talks to purchase Refinitiv

Rashaan Ayesh

A man walking in front of the London Stock Exchange building — Photo: Leon Neal/Getty Images

The London Stock Exchange Group (LSE) confirmed they are in talks to purchase Refinitiv Holdings, a financial data analytics company, for $27 billion including debt, reports Reuters.

Why it matters: Acquiring Refinitiv would make LSE a "global exchanges and data powerhouse," says the Financial Times. It would also establish the London Stock Exchange as Bloomberg LP's main contender.

The deal could "create a company with combined annual revenue of more than £6 billion [$7 billion]," says the Wall Street Journal.

The big picture: "Stock-exchange operators face growing pressure on fees they generate from the buying and selling of stocks amid new competition and computerized trading," according to the WSJ.

The European Union blocked the $30 billion merger plan between LSE and Germany's Deutsche Boerse in 2017.

Editor's note: This post has been corrected to reflect that the EU blocked the merger between LSE and Germany's Deutsche Boerse (not Deutsche Bank).

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London Stock Exchange group in talks to purchase Refinitiv

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