London Stock Exchange gets EU nod for $27 billion takeover o

London Stock Exchange gets EU nod for $27 billion takeover of Refinitiv


Publishing date: Jan 13, 2021  •  January 13, 2021  •  2 minute read  • 
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BRUSSELS/LONDON — EU antitrust regulators gave the green light on Wednesday to the London Stock Exchange’s $27 billion takeover of Refinitiv, creating a stronger competitor to financial data leader Bloomberg LP.
The market for financial information has exploded with the advent of computer-driven trading, triggering a rash of takeovers as companies seek to create one-stop shops to serve clients and get an edge over traditional rivals in supplying data, dubbed the “new oil.”
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