IHS Markit sells OPIS and associated businesses to News Corp
Davis Polk is advising IHS Markit in connection with its $1.150 billion sale of IHS Markit’s Oil Price Information Services (OPIS); Coal, Metals and Mining; and PetroChem Wire businesses to News Corp. The transaction marks the culmination of S&P Global and IHS Markit’s previously announced decision to explore a divestiture of these businesses in connection with their pending merger. The transaction is expected to be completed at the close of the merger between S&P Global and IHS Markit, which is expected in the fourth quarter of 2021, subject to the satisfaction of specified closing conditions.
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
The Davis Polk corporate team includes partner Oliver Smith and associates Shanu Bajaj and Christine Choi. Partner Michael Mollerus is providing tax advice. Partner Pritesh P. Shah and associate Samantha Lefland are providing intellectual property advice. Partner Kyoko Takahashi Lin and associate Joseph S. Brown are providing executive compensation advice. All members of the Davis Polk team are based in the New York office.