News Corp to acquire energy industry information provider

News Corp to acquire energy industry information provider

News Corp has announced it has entered into an agreement to acquire the Oil Price Information Service (OPIS) business and related assets from S&P Global and IHS Markit, which are expected to merge later this year. The transaction price is estimated at US$1.15 billion, subject to regulatory approval and the successful merger of S&P Global and IHS Markit.

OPIS is a global provider of pricing news and analytics for the oil, natural gas, liquids and biofuels industries. It produces a number of editorial products, including weekly newsletters, Ethanol & Biodiesel Information Service, Oil Express, Retail Fuel Watch and Australian Oil Market Price Report.

Upon completion of the acquisition, News Corp plans to integrate OPIS into Dow Jones’ Professional Information Business (PIB) division, which includes Dow Jones Risk & Compliance, Dow Jones Newswires and Factiva.

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