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LSE seals $27B deal for Refinitiv

  • Betting on a future dominated by data, London Stock Exchange (OTCPK:LNSTY) has agreed to snap up market insights and trading platform Refinitiv in $27B deal with Blackstone (NYSE:BX) and Thomson Reuters (NYSE:TRI).
  • LSE has seen double-digit growth in the last few years from its information services unit, driven by the FTSE Russell indexes business, and adding a data giant would help accelerate that push as markets become more reliant on data-hungry machines.
  • It will also see it expand into over-the-counter trading by taking on Refinitiv's FXALL and matching platforms, complementing its existing OTC clearing businesses.
  • Not done yet... The deal is set to be subject to lengthy antitrust reviews in both Europe and the U.S.

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