IHS deal moves Markit away from credit market origins

The two companies hope to create new products to challenge Bloomberg and Thomson Reuters

Lance Uggla, Markit’s irrepressible chief executive, has long spoken of his ambition to be “the best of the biggest financial data providers”.

So it was with great disappointment that he lost out in a last minute $5bn bidding war with Intercontinental Exchange for Interactive Data Corp last October.

Read the full story here:  https://www.ft.com/content/c480b79c-ef71-11e5-9f20-c3a047354386


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