London Stock Exchange in talks to combine with Refinitiv: FT

The London Stock Exchange Group Plc (LSE) (L:LSE) is in talks to combine with financial data analytics and trading platform Refinitiv, the Financial Times reported on Friday, citing people briefed on the matter. A deal could be announced as soon as next week, the Financial Times reported, adding that it could not learn the terms of the transaction. A deal for Refinitiv would come less than a year after private equity firm Blackstone Group Inc (N:BX) bought a majority stake in the business from Thomson Reuters Corp (TO:TRI). Thomson Reuters, the parent of Reuters News, kept a 45% stake in Refinitiv as part of the $20 billion deal. LSE, Refinitiv, Blackstone and Thomson Reuters did not immediately respond to a Reuters request for comment. Refinitiv bonds rallied on the prospect of a deal. Thomson Reuters shares jumped 4.3% to C$92.72 in afternoon trading in Toronto following the Financial Times report.

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