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
Deal value: $295m
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