SPGI - News Corp acquires OPIS from S&P Global and IHS Markit in $1.15B cash deal

News (NASDAQ:NWS) has acquired the Oil Price Information Service (OPIS) and related assets from S&P Global (NYSE:SPGI) and IHS Markit (NYSE:INFO) for $1.15B in a cash transaction and expects to receive an estimated tax benefit of $180M as part of the transaction. The sale is expected to be completed at the close of the merger between S&P Global and IHS Markit. “OPIS will be the cornerstone for a rising commodities, energy and renewables digital business that we are convinced will have a positive impact on Dow Jones and News Corp,” said Robert Thomson, Chief Executive of News Corp. “We certainly believe OPIS and Dow Jones will be more than the sum of their valuable parts. Dow Jones is ideally positioned to accelerate growth at OPIS, while OPIS will be a powerful pillar, alongside Risk & Compliance, in the fast-growing Dow Jones Professional Information Business.” OPIS has a revenue base that

For further details see:

News Corp acquires OPIS from S&P Global and IHS Markit in $1.15B cash deal