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The London Stock Exchange said it's in talks to buy Refinitiv, the financial data provider that The Blackstone Group just last year carved out of Thomson Reuters (which retained a 45% stake).

Why it matters: This would put the British bourse in direct competition with Bloomberg's terminals business.

ROI: Blackstone's deal valued Refinitiv at around $20 billion, while LSE reportedly is working on a $27 billion price-tag (including around $12 billion in assumed debt). Blackstone already spun off Refinitiv's Tradeweb bond-trading business via an IPO this past April.

The bottom line: "Exchanges are just data platforms." — Mike Santoli, CNBC

London Stock Exchange in talks to buy financial data provider Refinitiv

This would put the stock exchange in direct competition with Bloomberg's terminals business.

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The London Stock Exchange said it&#x27;s in talks to buy Refinitiv, the financial data provider that The Blackstone Group just last year carved out of Thomson Reuters (which retained a 45% stake).Why it matters: This would put the British bourse in direct competition with Bloomberg&#x27;s terminals business.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

London Stock Exchange in talks to buy financial data provider Refinitiv

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