The owner of the New York Stock Exchange buys Interactive Data for $ 5.2 billion. The company will compete with Bloomberg and Thomson Reuters.
Intercontinental Exchange (ICE), which owns the New York Stock Exchange NYSE, will pay $ 3.65 billion in cash and $ 1.55 billion in shares for analytic firm Interactive Data , which specializes in financial data. The deal will allow ICE to compete in the financial information market with major players - Bloomberg and Thomson Reuters.
The owner of the New York Stock Exchange will pay Silver Lake and Warburg Pincus companies $ 3.65 billion in cash and $ 1.55 billion in shares for the purchase of IDC, a provider of information and consulting services in the information technology, telecommunications and consumer equipment markets. These two companies Interactive Data in 2010 cost $ 3.2 billion
Revenue for Interactive Data for 2014 was $ 929.2 million, while its net loss for the period was $ 36 million. In October, IDC filed an IPO.
The financial information market is estimated at $ 26.5 billion, the IDC share on it is 3.5%. Bloomberg accounts for about 40% in this market, Thomson Reuters - about 20%, according to Burton-Taylor Consulting .
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According to Richard Repetto, an analyst at Sandler O'Neill & Partners, the strategy is to provide data and information services to clients. The head of ICE explains this by saying that the company “seeks to provide additional tools to financial institutions so that they can set the price for some over-the-counter products, the cost of which is not easy to determine.” Already, for ICE, the financial data provision market is the fastest growing source of revenue.
The owner of the New York Stock Exchange will pay Silver Lake and Warburg Pincus companies $ 3.65 billion in cash and $ 1.55 billion in shares for the purchase of IDC, a provider of information and consulting services in the information technology, telecommunications and consumer equipment markets. These two companies Interactive Data in 2010 cost $ 3.2 billion
Revenue for Interactive Data for 2014 was $ 929.2 million, while its net loss for the period was $ 36 million. In October, IDC filed an IPO.
The financial information market is estimated at $ 26.5 billion, the IDC share on it is 3.5%. Bloomberg accounts for about 40% in this market, Thomson Reuters - about 20%, according to Burton-Taylor Consulting .
')
According to Richard Repetto, an analyst at Sandler O'Neill & Partners, the strategy is to provide data and information services to clients. The head of ICE explains this by saying that the company “seeks to provide additional tools to financial institutions so that they can set the price for some over-the-counter products, the cost of which is not easy to determine.” Already, for ICE, the financial data provision market is the fastest growing source of revenue.
Source: https://habr.com/ru/post/295730/
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