About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs


Subscribe to our newsletter

Is it the government debt of a small former Eastern European country? No. Is it the total value of the European financial information business? Depends on who you ask, but that’s not what we’re thinking. Is it Mike Bloomberg’s 2009 dividend from the activities of his eponymous market data vendor business? Nah, too low.

No, $2.7 billion is the asking price for Interactive Data Corp. And it’s proving to be too rich for the remaining players in the game, we hear. Not only that, it’s twice what Standard & Poor’s, the last remaining trader contender, is willing to pay. While McGraw-Hill has overpaid in the past – muni broker JJ Kenny springs to mind – it apparently isn’t in the mood to do so right now.

As we’ve pointed out, an S&P acquisition would return Comstock to the fold. What we didn’t point out was that Interactive Data’s core pricing business was also spun out of S&P, where it was known as the Standard & Poor’s Price Tape & Punched Card Dividend Service, back around 1987. Clearly, $2.7 billion is a lot to pay to buy something back, even if it is a good fit; which it is.

This, some in the marketplace reckon, suggests that a private equity deal may win the day. And even then, the high price means that only Pearson’s 60% stake will change hands. The rest will stay where it is: with the investing public.

And what would a private equity player do with that 60%, one wonders? One theory is that it would be slowly sold into a burgeoning market, adding value as it goes. While that doesn’t sound a very glamorous outcome, the odds are that a deal will in fact be done. Pearson, it seems, is serious about getting out.

It would also entail Interactive Data’s standing on its own two feet – at least without the support of a trade parent – for the first time. After it bought the S&P pricing service, the company was sold by Chase bank back in 1989 to Dun & Bradstreet, where it remained until Pearson took its majority holding.

Subscribe to our newsletter

Related content


Recorded Webinar: Real world data governance – Practical strategies for data ownership

The theories of data governance and ownership are well rehearsed. Essentially, data governance includes rules and processes that make data accurate, compliant and accessible, ensuring the right users can access trusted data as and when they need it. Data ownership assigns responsibility and accountability for a specific dataset to an individual or team that can...


SIX Extends Provision of Fixed Income Data with Acquisition of Majority Share in FactEntry

SIX has acquired a majority stake in FactEntry, a global provider of fixed income reference data, analytics and solutions for financial market participants. The acquisition enhances SIX’s data offering and meets customer demand for the company to expand its global fixed income footprint. FactEntry’s fixed income data sets, including reference data and corporate actions, will...


Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.


Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...