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- Published on August 5, 2019
- In AI Features
At $27Bn Price Tag, Refinitiv Makes LSE One Of The Largest Exchange Groups In The World
Image by Image Source: LSE
- By Richa Bhatia
In a move that shows that data wins hands down, London Stock Exchange confirms to buy Refinitiv, a financial data firm for a whopping $27 billion. The news which has been doing the rounds for a few days affirms LSE’s big data ambitions and how adding Refinitiv to its portfolio gives the company another revenue stream to capitalize on. When completed, the deal would be the biggest between an exchange group and financial data provider.
At its core, Refinitiv is a financial data and trading platform company, widely known for its Eikon terminals, and was carved out of the Thomson Reuters group last year. The deal valued Refinitiv at a whopping $20bn. The $27 billion price tag has created quit
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Richa Bhatia
Richa Bhatia is a seasoned journalist with six-years experience in reportage and news coverage and has had stints at Times of India and The Indian Express. She is an avid reader, mum to a feisty two-year-old and loves writing about the next-gen technology that is shaping our world.
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