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Photo: ALASTAIR PIKE/AFP via Getty Images

 S&P Global will merge with IHS Markit for a deal worth about $44 billion in stock, the companies announced Monday.

Why it matters: It's the largest merger of 2020 and creates a financial data powerhouse, merging two of the largest firms in the industry.

  • "[T[he two companies will provide comprehensive solutions across data, platforms, benchmarks and analytics in ESG, climate and energy transition," according to a news release.
  • Shareholders of S&P Global will own about 67.75% of the combined company, while IHS Markit shareholders will own some 32.25%.

What they're saying: "This merger increases scale while rounding out our combined capabilities, and accelerates and amplifies our ability to deliver customers the essential intelligence needed to make decisions with conviction," said Douglas Peterson, president and CEO of S&P Global, who will serve as CEO of the combined company.

  • "We are confident that the strengths of S&P Global and IHS Markit will enable meaningful growth and create attractive value for all stakeholders. We have been impressed by the IHS Markit team and look forward to welcoming the talented IHS Markit employees to S&P Global."

What to watch: The companies expect the transaction to close in the second half of 2021.

Go deeper

Jan 4, 2021 - Economy & Business

Shareholders approve Fiat Chrysler-Peugeot merger

Carlos Tavares will be CEO of the newly created Stellantis. Photo: Chesnot/Getty Images

Shareholders of Fiat Chrysler Automobiles and Peugeot parent Groupe PSA voted overwhelmingly Monday to merge their companies, creating the world’s fourth-largest automaker.

Why it matters: The shift toward electric, self-driving technology has left legacy carmakers scrambling to pool resources — or in this case, merge completely — in order to help shoulder the capital burden of the transformation.

Tech companies worry about becoming targets

Illustration: Aïda Amer/Axios

Tech employees are on high alert about their own personal safety as their employers roll out policies to ban or limit the reach of far-right extremists angry over former President Donald Trump's defeat.

Why it matters: As tech companies impose aggressive policies after the Capitol riot, employees will be the target of vitriol from aggrieved people who think tech and the media are conspiring to silence Trump and conservatives more broadly.

Felix Salmon, author of Capital
24 mins ago - Economy & Business

Media trust hits new low

Photo illustration: Sarah Grillo/Axios. Photo: Star Tribune via Getty Images

Trust in traditional media has declined to an all-time low, and many news professionals are determined to do something about it.

Why it matters: Faith in society's central institutions, especially in government and the media, is the glue that holds society together. That glue was visibly dissolving a decade ago, and has now, for many millions of Americans, disappeared entirely.

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