Data providers IHS and Markit merge in $13bn deal

Creating rival for Bloomberg and Thomson Reuters

Financial data providers Markit and IHS have merged in a $13bn deal, which will see IHS relocate its US headquarters to London.

Shareholders in IHS will hold 57% of the combined company, with Markit investors holding the remainder, according to the Financial Times. The deal will bring together Markit's propriertary credit market data and IHS which is known for its energy, commodity and transportation sector analysis. The group's main operations will remain in Colorado but the tax domicile and headquarters will move to the UK to take advantage of rulings that allow a US company to capture a lower tax rate by using a takeover to move its domicile overseas. LSE agrees merger deal with Deutsche Börse The fir...