London Stock Exchange on Track to Takeover Refinitiv
Posted on 04/03/2020
On March 16, 2020, the London Stock Exchange Group (LSE) got approval from the U.S. Committee on Foreign Investment (CFIUS) for its takeover of financial data company Refinitiv (formerly known as Thomson Reuters finance and risk). The massive US$ 27 billion takeover provides Bloomberg with an opponent that is publicly-traded again. LSE seeks to close the Refinitiv deal in the second half of 2020.
Both financial data providers are facing headwinds as asset management firms and banks continue to consolidate, will cutting spend in certain areas.
