Home Business News Corp buys Oil Price Information Service for $ 1.15 billion

News Corp buys Oil Price Information Service for $ 1.15 billion

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On Monday, August 2, News Corp. billionaire Rupert Murdoch announced the purchase of the oil Price Information Service (OPIS), an information and analytical company specializing in information on the oil market. The deal amounted to $ 1.15 billion. Previously, OPIS belonged to the analytical company IHS Markit. In addition to the actual OPIS News Corp. acquired market intelligence services for coal, metals, petrochemicals and plastics, and the mining industry in general; for IHS Markit, the deal is part of preparations for a $ 44 billion merger with S&P Global. In May, the companies said they were considering the sale of some of the assets after regulators examined the merger. In turn, in the case of News Corp. the acquisition of OPIS may signal the company’s desire to expand its portfolio of services aimed at investors: the assets acquired today will become part of its Dow Jones provider. In March, News Corp. acquired for $ 275 million the publication on finance and the stock market Investor’s….

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