Business
Data is king: Wall Street giants join forces in $60b merger – Sydney Morning Herald
The value that Wall Street places on access to billions of bytes of data, rather than old-school stock picking, became abundantly clear in the biggest merger of…
The size of the deal announced on Monday eclipsed Nvidia’s acquisition of rival chipmaker Arm Holdings for $US40 billion in September, and Nippon Telegraph & Telephone acquisition of a subsidiary for nearly that much in the same month.
The newcomer IHS Markit is being acquired by a company with roots dating back to the 19th century, when Henry Varnum Poor published the History of the Railroads and Canals of the United States to provide transparency for investors.
IHS Markit has more than 50,000…
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