UK watchdog probes S&P Global’s $44 billion deal with IHS Markit By Reuters
© Reuters. FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid
(Reuters) – Britain’s competition regulator said on Monday it has started its investigation into whether business information provider S&P Global (NYSE:)’s $44 billion purchase of London-based peer IHS Markit Ltd would hurt competition.
S&P Global last year agreed to buy IHS Markit, creating a new data powerhouse serving Wall Street and the corporate world.
The Competition and Markets Authority said it has set a deadline of Oct. 19 for its phase 1 decision. The regulator had invited comments from interested parties in June.
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