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Home / Business / The London Stock Exchange Group is in talks about buying Refinitive – Axios

The London Stock Exchange Group is in talks about buying Refinitive – Axios



The London Stock Exchange Group (LSE) confirmed that they are in talks to buy Refinitiv Holdings, a financial data analysis company, for $ 27 billion including debt, Reuters reports.

Why it matters: Obtaining Refinitive would make the LSE a "global exchange and computing power," says the Financial Times. It would also establish the London Stock Exchange as Bloomberg LP's main challenger.

The big picture: " Stock market operators are facing increasing pressure on fees they generate when buying and selling shares in the midst of new competition and computerized trading," according to WSJ.

  • The EU blocked the $ 30 billion merger plan between LSE and Germany's Deutsche Bank in 2017.

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