Financial data firms are more valuable than financial firms themselves ...Middle East

The biggest acquisition of 2020 has put a spotlight on the business of collecting data about money. How much is that information worth?This week’s deal was a biggie: S&P Global’s $44 billion purchase of IHS Markit combines an old company with a relative newcomer, which, if approved by regulators, will create a data powerhouse. The former has its roots in the railroad age and is one of the world’s biggest credit-rating companies. The New York-based firm also sells market analytics and runs stock and energy indices. The latter, formed through a merger in 2016, is headquartered in London and operates fixed-income benchmarks, captures bond and derivatives prices, and has information on a range o

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