July 29 - 17:07
LSE confirms talks to acquire data firm Refinitiv for $27 billion
London Stock Exchange (LSE) has confirmed speculation that it is in talks to buy financial data firm Refinitiv in a deal worth $27 billion. It said it was speaking with a consortium including certain investment funds affiliated with Blackstone as well as Thomson Reuters about the deal. No timeframe has been given for completion but Reuters said the deal could take 18 months to finalise.
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