London Stock Exchange Group to Buy Global Data Consortium for Undisclosed Sum
April 05 2022 - 6:04AM
Dow Jones News
By Ian Walker
London Stock Exchange Group PLC said Tuesday that it has agreed
to buy identity verification data company Global Data Consortium
Inc for an undisclosed sum.
The exchange operator and financial-data provider said that the
deal is expected to close in the first half of this year, subject
to regulatory approvals.
Refinitiv, in which LSEG bought last January for $15 billion,
acquired a 11% stake in GDC in 2020.
"This transaction delivers a compelling opportunity to acquire a
strategic capability aligned to our vision of becoming a
market-leading global digital identity and fraud solutions
provider," LSEG Group Head of Customer & Third-Party Risk
Solutions Phil Cotter said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
April 05, 2022 05:49 ET (09:49 GMT)
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