News Corp, a media and publishing company, completed the acquisition of OPIS, a company providing pricing and news information for petroleum pricing, from S&P Global, a publicly traded corporation, and IHS Markit, information provider, for $1.2bn. "The OPIS acquisition will significantly enhance our ability to provide high-quality, high-margin professional products in the energy sector, including renewables and carbon benchmarking, for which there is urgent demand from serious companies. Both OPIS and Base Chemicals are digital and particularly profitable, and we expect their positive financial impact will be obvious to investors. The fact that both sales were required for regulatory approval of the S&P Global and IHS Markit merger ensured that we were able to make the acquisitions for rather attractive multiples," Robert Thomson, News Corp CEO.