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News Corp to Acquire Industry and Market Data Provider Base Chemicals for USD 295m.

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Vincent

MANews-(C)2009-2021

US-based media and information services company News Corp has entered into an agreement to acquire the Base Chemicals business from US-based financial information and analytics firm S and P Global and UK-based information provider IHS Markit (NYSE: INFO), the company said.

Base Chemicals will become part of Dow Jones' Professional Information Business, alongside OPIS, the energy and renewables data and information business.

The OPIS acquisition (along with related assets), also from S and P Global and IHS Markit, was announced in August. The addition of Base Chemicals and OPIS will further enhance Dow Jones' information services business.

Base Chemicals is known for its pricing data, insights, analysis and forecasting capabilities for the world's most important base chemicals delivered through its leading Market Advisory and World Analysis services.

By becoming part of Dow Jones, it is expected Base Chemicals will benefit from Dow Jones' expertise in news, research and events. Similarly, Base Chemicals' rich analysis and forecasting capabilities provide opportunities for Dow Jones to enhance its data, price and news solutions.

Base Chemicals is also a companion to OPIS, with significant customer overlap, and it is expected this new vertical will be led by the same management team responsible for OPIS and Base Chemicals today.

News Corp is acquiring Base Chemicals for USD 295m in a cash transaction, subject to customary adjustments.

The agreement was reached following the UK Competition and Markets Authority request that IHS Markit divest Base Chemicals as part of the S and P Global and IHS Markit merger plans.

News Corp's acquisition of Base Chemicals is subject to customary closing conditions, including regulatory approvals and the completion of the S and P Global and IHS Markit merger.

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