Todd Spangler NY Digital EditorNews Corp, the news and media conglomerate headed by Rupert Murdoch, will pay $1.15 billion in cash for the Oil Price Information Service (OPIS), continuing its recent M&A streak to expand its business-to-business digital information portfolio.OPIS, which News Corp is acquiring from S&P Global and IHS Markit, will become part of Dow Jones’ Professional Information Business (PIB), which includes Dow Jones Risk & Compliance, Dow Jones Newswires and Factiva.
S&P Global and IHS Markit merger had previously announced plans to sell off OPIS to get approval for their own merger, expected to close in Q4 of this year.Founded in 1977, OPIS provides benchmark and reference pricing and news and analytics for the oil,.
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