IHS Markit snaps up rival Ipreo

Information and analytics firm IHS Markit is buying up rival Ipreo for $1.86 billion (£1.38bn) from private equity funds managed by Blackstone and the merchant banking division of Goldman Sachs.

IHS Markit chairman and chief executive Lance Uggla said the acquisition was an exciting opportunity given Ipreo’s services are a “highly complementary extension”.