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FILE PHOTO: An advertisement for Refinitiv is seen on a screen in London’s Canary Wharf financial centre, London, Britain, October 2, 2018. REUTERS/Russell Boyce
(Reuters) – The London Stock Exchange Group Plc (LSE.L) said on Saturday it was in talks to buy data analytics platform Refinitiv for a total enterprise value of about $27 billion by issuing new LSE Group shares.
The talks are with a consortium including some investment funds affiliated with Blackstone Group Inc (BX.N) and Thomson Reuters Corp (TRI.TO), LSE said in a statement. Blackstone and Thomson Reuters, the parent of Reuters News, together own Refinitiv
The deal would result in Refinitiv shareholders holding a roughly 37% stake in the combined company and less than 30% of the total voting rights of LSE Group, LSE said.
Reporting by Arathy S Nair in Bengaluru; Editing by Leslie Adler
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