(CercleFinance.com) – News Corp has completed the acquisition of the Base Chemicals business from S&P Global Market Intelligence.
The activity will take the name of Chemical Market Analytics by OPIS, a Dow Jones company. News Corp acquired OPIS and related assets from S&P Global and IHS Markit in February.
News Corp acquires Base Chemicals for $295 million in cash. The UK competition authority wanted IHS Markit to sell Base Chemicals and OPIS as part of the merger between S&P Global and IHS Markit.
‘Base Chemicals, along with OPIS, will significantly expand the reach and strength of Dow Jones’ information capabilities in commodities, particularly in energy, renewables, chemicals and related areas ‘ said Robert Thomson, chief executive of News Corp.
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