Updated Jan. 13, 2021 9:35 am ET
Europeâs antitrust watchdog on Wednesday approved London Stock Exchange Group PLCâs $15 billion deal to acquire Refinitiv Holdings Ltd. with conditions, removing a key hurdle in the companyâs bid to challenge Bloomberg LP, S&P Global Inc. and other industry heavyweights offering financial data.
The decision by the European Commission ends a monthslong probe into the risks of the deal. The probe centered on concerns the deal could give the LSE undue market power over trading and clearing government bonds, interest rate derivatives, and the sale of financial data such as stock- and bond-price quotes.