By Pamela Barbaglia
(Reuters) - The London Stock Exchange Group Plc (LSE)
A deal could be agreed as early as next week, the source said. But the source added that details had not been finalized and negotiations could still fall apart. The deal structure and terms under discussion could not immediately be learned.
Thomson Reuters, the parent of Reuters News, still owns a 45% stake in Refinitiv.
LSE, Refinitiv, Blackstone and Thomson Reuters did not immediately respond to a Reuters request for comment.
Refinitiv bonds rallied on the prospect of a deal. Thomson Reuters shares jumped 4.5% to C$93.35 in afternoon trading in Toronto after the Financial Times first reported on the deal talks.
A merger would significantly expand LSE's information services business, which the bourse operator has been building as a more stable source of cash flow than its primary transaction-reliant businesses.
LSE has a market value of about 19.3 billion pounds ($23.9 billion) and a net debt of about 1 billion pounds.
LSE Chief Executive David Schwimmer is a former Goldman Sachs Group Inc
($1 = 0.8075 pounds)
(Reporting by Pamela Barbaglia in London; Additional reporting by Huw Jones and Rachel Armstrong in London, Dan Burns in New York, and Kanishka Singh and Noor Zainab Hussain in Bengaluru; Editing by Paritosh Bansal and Howard Goller)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Updated Date: Jul 27, 2019 03:06:09 IST