M&A Deal Summary

News Corp Acquires OPIS

On August 2, 2021, News Corp acquired software company OPIS from IHS for 1.2B USD

Acquisition Highlights
  • This is News Corp’s 4th transaction in the Software sector.
  • This is News Corp’s 3rd largest (disclosed) transaction.
  • This is News Corp’s 13th transaction in the United States.
  • This is News Corp’s 1st transaction in Maryland.

M&A Deal Summary

Date 2021-08-02
Target OPIS
Sector Software
Buyer(s) News Corp
Sellers(s) IHS
Deal Type Divestiture
Deal Value 1.2B USD

Target

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.

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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 23 of 24
Sector (Software) 4 of 4
Type (Divestiture) 5 of 6
State (Maryland) 1 of 1
Country (United States) 13 of 13
Year (2021) 2 of 3
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Investor’s Business Daily

Los Angeles, California, United States

Investor’s Business Daily provides proprietary stock screens, comparative performance ratings, and unique commentary helping investors zero in on top-performing growth stocks. IBD provides the buy rules and sells rules to properly make trading decisions that will minimize your risk and maximize your potential profit. IBD offers individual and professional investors a comprehensive lineup of print and online products, all based on a powerful investing system that has dramatically outperformed the S&P 500. Investor’s Business Daily was formed in 1984 and is based in Los Angeles, California.

Buy $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 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.

Buy $295M

Seller(S) 1

SELLER

IHS

Englewood, Colorado, United States

Category Company
Founded 1959
Sector Information Technology
Employees9,000
Revenue 2.2B USD (2015)
DESCRIPTION

IHS is a source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments rely on the content, expert independent analysis and flexible delivery methods of IHS to make decisions and develop strategies with speed and confidence. IHS was established in 1959 and is headquartered in Englewood, Colorado.


DEAL STATS #
Overall 3 of 4
Sector (Software) 1 of 1
Type (Divestiture) 3 of 4
State (Maryland) 1 of 1
Country (United States) 3 of 4
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Sphera Solutions

Chicago, Illinois, United States

Sphera Solutions is a global provider of Operational Excellence software and information services with a focus on Operational Risk, Environmental Health & Safety (EH&S), and Product Stewardship. Sphera Solutions is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 RootMetrics

Bellevue, Washington, United States

RootMetrics is an independent mobile networks analytics firm that offers insights into the mobile user experience. It uses a proprietary measurement methodology and sophisticated algorithms to develop network analytics that is made available to its customers – mobile operators and infrastructure providers in the U.S. and U.K. – on a subscription basis, with topline information available free to consumers to make more informed mobile decisions. RootMetrics was formed in 2008 and is based in Bellevue, Washington.

Sell -