LSEG acquires Refinitiv (2019)
LSEG agreed to buy Refinitiv, the financial data business spun out of Thomson Reuters, for $27 billion. The deal transformed LSEG from an exchange operator into a major data distributor.
The deal closed in January 2021 after regulatory approval.
Data and analytics became LSEG's largest division, and the model for its current strategy.
The Octus deal is LSEG's biggest since Refinitiv, following the same playbook: buy data assets to expand beyond exchange operations.
