The London Stock Exchange has agreed to buy data analytics business Refinitiv for a total value of approximately $27bn (£22bn) from Thomson Reuters and a consortium of funds linked to private equity firm Blackstone.
News of the potential deal first emerged on Monday (29 July), when LSE confirmed speculation that it was looking to acquire the data provider. The exchange intends to fund the acquisition with newly issued shares, which means Refinitiv investors will gain a stake in LSE. Refinitiv shareholders will own about 37% of the new bigger group, but will have less than 30% of the voting rights. The combined business will be chaired by Don Robert, LSE Group's chairman, and led by David Schwimmer as CEO, with David Warren as chief financial officer. David Craig will join LSE's executive commi...
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