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Reuters reveals LSE to win EU approval for $27 billion Refinitiv deal; market reacts

Reuters exclusively reported that the London Stock Exchange is set to win EU antitrust approval for its $27 billion takeover of data company Refinitiv, bolstering its footprint in a rapidly consolidating sector. The market for financial data has exploded with the advent of computer driven trading, triggering a rash of takeovers as companies seek to create one-stop shops to serve clients and get an edge over traditional rivals in supplying data, dubbed the new “oil”. 
The post Reuters reveals LSE to win EU approval for $27 billion Refinitiv deal; market reacts appeared first on Reuters News Agency.

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