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December 27, 2021

News Corp buys Base Chemicals from S&P Global and IHS Markit

News Corp has announced the acquisition of the Base Chemicals business of S&P Global and IHS Markit for $295m.

By Press Gazette

News Corp results
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News Corp has announced the acquisition of the Base Chemicals business of S&P Global and IHS Markit for $295m.

Base Chemicals, which was expected to generate revenues of $65m last year, will become a part of News Corp’s financial information and news division, Dow Jones.

The deal comes after News Corp agreed to buy Oil Price Information Services (OPIS) from S&P Global and IHS Markit for $1.15bn in August 2021 (see below on this page).

S&P Global and IHS Markit agreed to a $44bn merger deal in late 2020. The sales of both OPIS and Base Chemicals have been agreed to satisfy antitrust/competition regulators.

Source: Press release

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Deal value: $295m

Country: US

Status: Official

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly dose of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

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