News Corp (ASX:NWS) to buy oil data firm OPIS for $1.15 bn

Company News

by Lauren Evans

News Corp (ASX:NWS) set to acquire the Oil Price Information Service (OPIS) and related assets from S&P Global and IHS Markit for $1.15 billion. The global broadcaster plans to expand on its energy, commodity and renewables database.

OPIS will become part of Dow Jones' Professional Information Business (PIB), which includes Dow Jones Risk & Compliance, Dow Jones Newswires and Factiva. 

News Corp’s acquisition is subject to regulatory approvals and the consummation of the S&P Global and IHS Markit merger. 

News Corp chief executive Robert Thomson said, “OPIS will be the cornerstone for a rising commodities, energy and renewables digital business that we are convinced will have a positive impact on Dow Jones and News Corp.”

Shares in News Corp (ASX:NWS) are trading 1.03 per cent higher at $32.49. 

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