Data company S&P Global buys IHS Markit for $ 44 billion in 2020 biggest deal

IHS Markit is acquired by data company Standard & Poor's in an all-share deal worth $ 44 billion.

According to CNBC Arabia, this deal will be the largest corporate acquisition for 2020 and will create significant heft in the increasingly competitive financial information market.

According to IASMarket CEO Lance Ugla, the mega deal has been in the works over the past few months, highlighting the growing importance of big data in the financial markets that Ruled by information-hungry trading algorithms.

is expected to close in the second half of 2021 if it can pass reviews by antitrust regulators who have shown increased interest in the sector.