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London Stock Exchange group in talks to purchase Refinitiv

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 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).