London Stock Exchange’s $27bn takeover of Refinitiv gets EU nod
Deal creates stronger competitor in data to Bloomberg
13 January 2021 - 17:05
Brussels — EU antitrust regulators gave the green light on Wednesday to the London Stock Exchange's (LSE) $27bn takeover of Refinitiv, creating a stronger competitor to financial data leader Bloomberg.
The market for financial information has exploded with the advent of computer-driven trading, triggering a flurry of takeovers as companies seek to create one-stop shops to serve clients and get an edge over traditional rivals in supplying data, dubbed the “new oil”...
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