The IMD Wrap: It’s the data, Cupid!
As BlackRock buys Preqin, and LSEG strikes a data deal with Dow Jones, Max notes that in data, strange bedfellows breed valuable offspring.
Like weather forecasters in a British summer, the data dealmakers have been busy these past few weeks. No sooner had I received a tip that Preqin, a UK-based provider of data on private markets, might be for sale than asset management behemoth BlackRock announced a deal to buy the company for $3.2 billion.
Also last week, the London Stock Exchange Group struck a news and data-sharing deal with Dow Jones that seems, to me, a direct result of how the former Reuters business was carved out of
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