London Stock Exchange: LSEG invests $3.5 billion in data provider
The London Stock Exchange Group is buying financial data provider Octus for several billion dollars. This move strengthens the company's analysis business and responds to investor pressure.
The London Stock Exchange Group (LSEG) has agreed to acquire financial data provider Octus for $3.54 billion. The deal aims to expand LSEG's data analytics business and comes after the company confirmed takeover talks with private equity firm Permira last week. LSEG has raised its revenue forecast for the year, expecting organic growth of at least 8% at constant exchange rates. The acquisition is the company's largest transaction since its $27 billion purchase of Refinitiv in 2019.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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