Green Light for LSE-Refinitiv Deal Heralds Data-Driven Future
- Exchange overcomes concerns combination would hit competition
- Transaction is sparking consolidation among data providers
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London Stock Exchange Group Plc cleared the last major hurdle to its purchase of Refinitiv, clinching a transformational deal for the 300-year-old London bourse.
The $27 billion transaction gained approval from European Union regulators Wednesday, giving it global scale as firms vie to meet surging demand for data and analytics in increasingly computerized financial markets. The news is also a boost for one of London’s flagship financial companies as the post-Brexit era disrupts the sector’s role on the world stage.