The LSE seals $27bn purchase of Refinitiv as technology beckons
The deal will help the London Stock Exchange create global scale and ‘operate businesses in the most efficient, technology-enabled way’
01 August 2019 - 17:19
London — The London Stock Exchange Group (LSE) agreed on Thursday to snap up Refinitiv in a $27bn blockbuster deal, betting on a future dominated by data as the three-century-old exchange seeks to extend its global reach.
Shares in the LSE rose as much as 8% after the exchange operator unveiled details of the transaction for the data and trading provider, which CEO David Schwimmer said fulfilled his ambitions to expand the group further into analytics and the buy-side industry...
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