M&A Deal Summary

News Corp Acquires IHS Markit - Base Chemicals Business

On December 27, 2021, News Corp acquired information services company IHS Markit - Base Chemicals Business from IHS Markit for 295M USD

Acquisition Highlights
  • This is News Corp’s 3rd transaction in the Information Services sector.
  • This is News Corp’s 9th largest (disclosed) transaction.
  • This is News Corp’s 3rd transaction in the United Kingdom.

M&A Deal Summary
Date 2021-12-27
Target IHS Markit - Base Chemicals Business
Sector Information Services
Buyer(s) News Corp
Sellers(s) IHS Markit
Deal Type Divestiture
Deal Value 295M USD

Target

IHS Markit - Base Chemicals Business

London, United Kingdom
Base Chemicals is known for its pricing data, insights, analysis, and forecasting capabilities for the world’s most important base chemicals delivered through its leading Market Advisory and World Analysis services. Base Chemicals Business include Oil Price Information Services (OPIS), Coal, Metals, and Mining (CMM), and PetroChem Wire (PCW) businesses.

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Buyer(S) 1

Buyer

News Corp

New York, New York, United States
Category Company
Founded 2012
Sector Diversified
Employees25,000
Revenue 9.9B USD (2023)
DESCRIPTION

News Corp is a diversified international media and entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin. News Corp was formed in 2012 and is based in New York City.

DEAL STATS #
Overall 24 of 24
Sector (Information Services) 3 of 3
Type (Divestiture) 6 of 6
Country (United Kingdom) 3 of 3
Year (2021) 3 of 3
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 OPIS

Rockville, Maryland, United States

OPIS is a provider of oil industry pricing, news, analysis, and software. OPIS also provides edge software solutions for petroleum marketers looking to automate price collection, data storage, and repricing of dealer and commercial accounts. OPIS was founded in 1977 and is headquartered in Rockville, Maryland.

Buy $1.2B

Seller(S) 1

SELLER

IHS Markit

London, United Kingdom
Category Company
Founded 1959
Sector Information Services
Revenue 4.4B USD (2019)
DESCRIPTION
Entrance to IHS Markit's campus in Englewood, Colorado.
Entrance to IHS Markit's campus in Englewood, Colorado.

IHS Markit Ltd. is a financial information services company. IHS Markit provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. IHS Markit was founded in 1959 and is based in London, England.

DEAL STATS #
Overall 3 of 3
Sector (Information Services) 2 of 2
Type (Divestiture) 3 of 3
Country (United Kingdom) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Cappitech

Pituach, Israel

Cappitech is a provider of regulatory reporting, execution analysis and business intelligence solutions for the financial services industry. Cappitech was founded in 2013 and is based in Pituach, Israel.

Buy -
Mergr

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Company

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