- March 22, 2016
- Posted by: David Tabaka
- Category: AML/KYC, Compliance, Credit, Market Data, News, Risk
The vendors will leverage each others’ content sets and analytics to create new products, which will be delivered via a new cloud platform.
Data vendor Markit and market and economic information provider IHS have agreed an all-share “merger of equals” to create an “information powerhouse” that will deliver “mission critical unique data to a broad customer base,” officials say.
Based on the closing prices of IHS and Markit common stock on March 18, 2016, the deal will see the resulting merged company valued at more than $13 billion.