Data firm IHS Markit to buy rival Ipreo for $1.86 billion

Data firm IHS Markit to buy rival Ipreo for $1.86 billion

Data firm IHS Markit said on Monday it will buy smaller rival Ipreo from private-equity funds of Blackstone and Goldman Sachs for $1.86 billion to expand its contracts business and shore up its financial services operations. IHS, whose diverse set of businesses range from selling data on automotive and technology industries to publishing Jane’s Defence Weekly, said the deal will be funded through debt financing from HSBC. The deal is a windfall for the buyout…

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