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LONDON: S&P Global is in advanced talks to buy London-based IHS Markit for about $ 44 billion in a deal that would combine two major data providers, the Wall Street Journal reported Sunday, citing people familiar with the matter. .
A person familiar with the matter confirmed to Reuters that S&P Global was closing in on a deal to buy IHS.
The deal, which at that price would be the largest of the year, could be announced on Monday, according to the WSJ report.
S&P Global and IHS did not immediately respond to Reuters requests for comment.
S&P Global provides sovereign and corporate debt ratings as well as data for capital and commodity markets around the world.
IHS ‘diverse set of businesses ranges from selling data on the automotive and technology industries to publishing Jane’s Defense Weekly. The company was formed after the US-based IHS Inc bought Britain’s Markit Ltd in 2016.
IHS has a market value of about $ 36.88 billion based on the stock’s last close on Friday, Reuters calculations showed.
