Jul 27, 2019

London Stock Exchange group in talks to purchase Refinitiv

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 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 in talks to buy financial data provider Refinitiv

Illustration: Sam Jayne/Axios

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.

Go deeperArrowJul 29, 2019

Uber stock price drops after missed Q2 expectations

Photo: Jaap Arriens/NurPhoto via Getty Images

Uber's stock price dropped by more than 12% after its Q2 revenue and losses missed analyst expectations.

Reports: CBS and Viacom inch closer to merger deal

Illustration: Sarah Grillo/Axios

A merger deal between CBS and its former sister company Viacom is imminent and might be announced as soon as this week, according to multiple reports.

Why it matters: It could be the first part of a much bigger plan for Shari Redstone, the majority shareholder of both companies. Reports suggest that Redstone is looking to acquire other entities to give the combined company more scale.

Go deeperArrowAug 12, 2019