According to a report from the Wall Street Journal, S&P Global Inc is in advanced talks to acquire IHS Markit Ltd for around $44 billion.
The deal, which will see the consolidation of two major data providers, is likely to be the biggest of this year and could be formally announced later today.
Neither, S&P Global nor IHS immediately responded to requests for comments.
S&P Global provides debt ratings of sovereigns, companies, as well as data to capital and commodity markets around the world.
IHS’ businesses range from selling data on automotive and technology industries to publishing Jane’s Defence Weekly. The company was formed after U.S.-based IHS Inc bought Britain’s Markit Ltd in 2016.
As of last Friday’s closing stock value, IHS has a market value of around $36.88 billion.