How S&P Global's $44 bln IHS Markit deal will transform the data industry - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

South Africa News News

Here's how S&P Global's $44 billion IHS Markit deal will transform the supply chain for financial data — and which players need to make a move next

"Their combined offering is going to rival anybody — IHS just has a ton of datasets," Daryl Smith, head of research for Neudata, a London-based consultancy, told Business Insider. We talked to 7 insiders about the $27 billion Refinitiv-LSE deal. Here's how one of the biggest data deals of the year came together.

Three of S&P's biggest businesses essentially serve as benchmarks for different markets, he said. S&P Ratings is a benchmark for credit ratings. S&P Indices serves as a benchmark on the state of the stock market, while Platts is a benchmark on commodities. "I think it is definitely a coverage play for them," said Rachel Carpenter, founder and CEO of Intrinio, a startup that offers a la carte access to data, told Business Insider.

At its core, companies dealing in information services are always looking to broaden what they can sell to their clients in an effort to strengthen their position, Jeff Silber, a senior analyst at BMO Capital Markets, told Business Insider.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the Amex virtual mentorship program helping low-income students - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Great initiative!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside high-end custom pianos with Steinway & Sons CEO, Lenny Kravitz - Business InsiderInside the highest end of high-end pianos, with classic brand Steinway & Sons and its newest collaborator, Lenny Kravitz wow
Source: BusinessInsider - 🏆 729. / 51 Read more »

Webinar: Inside private-equity recruiting at Carlyle, Apollo, Bain - Business InsiderJoin us on Thursday, December 3, at 1 p.m. ET, as Business Insider's Wall Street reporter reedalexander moderates a panel featuring four experienced recruiters from top private-equity firms. They'll share tips on how to make it in the industry and more.
Source: BusinessInsider - 🏆 729. / 51 Read more »

'People are seriously pissed': Inside Google firing a top AI ethicist - Business InsiderInside Google's firing of a top AI researcher, and the academic paper that started the battle: 'People are seriously pissed' nice I love it when these folks find out they’re working for a publicly traded company and not some university/etc — welcome to the real world of actions and consequences. Neuralink will be in next job
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the 'bubble college' U Experience relaunch in January - Business Insider'No masks. No social distancing. A real college experience': Inside The U Experience, which is promising students a 'bubble campus' — for the third time I'm so glad this tech-startup has decided to embark on this huge risk to public health
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the tragic last months of ex-Zappos CEO Tony Hsieh - Business InsiderTony Hsieh sold Zappos for $1.2 billion in his 30s. He was dead by 46. Inside his final Park City months, where he hoped to deliver more happiness as he spiraled.
Source: BusinessInsider - 🏆 729. / 51 Read more »