News Corp Completes Acquisition of OPIS

News Corp announced that it has completed the acquisition of the Oil Price Information Service (OPIS) and related assets, including the Coal, Mining and Metals business from S&P Global and IHS Markit.

OPIS, a highly profitable and growing digital data, analytics and insights provider, will join Dow Jones’ professional information business, expanding Dow Jones’ presence in the energy, commodities and renewables markets.

News Corp acquired OPIS for $1.150 billion in a cash transaction, subject to customary adjustments (and expects to receive an estimated tax benefit of $180 million as part of the transaction1). News Corp also has an agreement to acquire the Base Chemicals business from S&P Global and IHS Markit; that acquisition is expected to close in the coming months.
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