The London Stock Exchange Group is in merger talks with Refinitiv, writes Financial Times today. According to the newspaper, the deal would create a global exchanges and data powerhouse.

According to FT, the deal is to be announced as soon as next week. Refinitiv, former part of Thomson Reuters, is 55 % owned by private equity company Blackstone. The deal in January 2018 valued the total Financial & Risk Unit (now called Refinitiv) at 20 billion dollars.

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