S&P Nears $44 Billion IHS Markit Deal to Build Data Giant

(Bloomberg) — S&P Global Inc. is in advanced talks to buy IHS Markit Ltd. for about $44 billion, a deal that would accelerate the wave of consolidation among Wall Street’s biggest data providers.

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An announcement could come as early as Monday, according to a person familiar with the matter, who declined to be identified because the information isn’t public. IHS Markit was valued at $36.9 billion at the close of New York trading on Friday, after climbing to a record earlier in the week. S&P has a market capitalization of $82 billion after climbing 25% in New York this year.

The proposed tie-up of S&P with IHS Markit, a research firm with more than 5,000 analysts, data scientists, financial experts and industry specialists, is part of a race for scale as the industry’s largest players try to capitalize on surging demand for data and analytics in increasingly computerized

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