News Corp to acquire oil digital data and analytics provider, OPIS for A$1.55bn
News Corp has announced an agreement to purchase the Oil Price Information Service (OPIS) for a price of $US1.15 billion (A$1.55 billion).
The digital data, analytics and insights provider will become part of News Corp’s Dow Jones Professional Information Business (PIB), which includes Dow Jones Risk & Compliance, Dow Jones Newswires and Factiva.
The Maryland, US headquartered company is being acquired from S&P Global and IHS Markit, with the purchase following the announcement in April that News Corp would be upsizing its private offering, at the time hinting at M&As, and working capital.
