Business
Data is King on Wall Street; 2 Providers Join in $44B Deal
Published
4 years agoon

NEW YORK, N.Y. (AP) — The value that Wall Street places on access to billions of bytes of data, rather than old-school stock picking, became abundantly clear Monday as two of the biggest providers of such information become one in the biggest takeover of the year.
S&P Global announced that it would acquire IHS Markit, based in London, for about $44 billion in an all-stock deal.
Data collection has become pivotal on Wall Street as algorithms and high-speed trading drive global markets. And growth has been explosive for the companies that can provide that information instantly and in bulk.
IHS and Markit merged just four years ago to create a $13 billion company. The company has almost tripled in value since then, and is now worth close to $37 billion.
The size of the deal announced Monday eclipsed Nvidia’s acquisition of rival chipmaker Arm Holdings for $40 billion in September, and Nippon Telegraph & Telephone acquisition of a subsidiary for nearly that much in the same month.
The newcomer IHS Markit is being acquired by a company with roots dating back to the 19th century, when Henry Varnum Poor published the History of the Railroads and Canals of the United States to provide transparency for investors.
IHS Markit has more than 50,000 business and government customers, including 80% of the Fortune Global 500 and the world’s leading financial institutions.
Each share of IHS Markit common stock will be exchanged for a fixed ratio of 0.2838 shares of S&P Global stock. Current S&P Global shareholders will own approximately 67.75% of the combined company, while shareholders of IHS Markit, based in London, will own about 32.25%.
The transaction puts IHS Markit’s enterprise value at $44 billion, including $4.8 billion of debt.
The combined company will be headquartered in New York, where S&P Global is based, with a substantial presence in key global markets across North America, Latin America, EMEA and Asia Pacific.
Douglas Peterson, the CEO of S&P Global, will hold that title at the combined company. Lance Uggla, Chairman and CEO of IHS Markit, will become a special advisor to the company for a year after the deal closes.
The transaction is expected to close in the second half of next year. It needs the approval of both companies’ shareholders.
Shares of IHS Markit rose more than 7% at the opening bell Monday. S&P Global’s stock was essentially flat.
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Business
Monica Hoyos Joins Florida National News as Managing Editor
Published
16 hours agoon
March 24, 2025By
Willie David
ORLANDO, Fla. (FNN) – Florida National News (FNN) proudly announces the addition of Monica Hoyos as its new Managing Editor. In this pivotal role, Monica will lead the newsroom with energy, creativity, and strategic vision, further strengthening FNN’s reputation for trusted, world-class journalism.
Expanding FNN’s Newsroom & Spanish-Language Reach
Monica and her team will also manage on-location contributors to enhance FNN’s hyperlocal digital journalism footprint across Florida, including Orlando, Tampa, Daytona, Jacksonville, Tallahassee, Space Coast, Palm Beach, Miami, and Fort Myers.
In addition to leading FNN’s newsroom, Monica will oversee FNN News en Español, the Spanish-language arm of Florida National News and FNN News Network. With 42 million Spanish speakers in the U.S., FNN News en Español is expanding its reach among Latin American and Spanish-speaking news audiences.
With an extensive background in bilingual program and project management for non-profit organizations and Fortune 500 enterprises, Monica brings valuable expertise to strengthen FNN’s Spanish-language content and business development strategies as the network continues its national expansion.
- Related story Florida National News Appoints Jenna Greaves as Social Media Manager
Leadership Statements
“We are thrilled to bring Monica Hoyos on board to help lead our newsroom and expand our Spanish-language coverage,” said Florida National News President J. Willie David, III. “She is a highly respected bilingual professional with years of communications experience in both Spanish and English in the public and private sectors. We look forward to adding her talents to our FNN family.”
Monica Hoyos shared her enthusiasm for the role:
“I’m excited to join the FNN News brand and contribute to expanding the 1.4 million viewers. My bilingual experience and business expertise will help strengthen our newsroom and audience.”
Educational & Professional Background
Monica holds a Master’s in Education, Curriculum & Instruction (TESOL Concentration) and a Bachelor of Arts in Communications & Spanish, with a Mass Media emphasis.
“She is a terrific addition to an already powerhouse team of leaders and contributors. Her joining FNN signals our ambition for the years ahead and our commitment to brave, independent journalism.”
______________________________________________________________________
J Willie David, III
Florida National News and FNN News Network
News@FloridaNationalNews.com
Business
Florida National News Appoints Jenna Greaves as Social Media Manager
Published
2 weeks agoon
March 13, 2025By
Willie David
ORLANDO, Fla. (FNN) – Florida National News (FNN) is proud to announce the appointment of Jenna Greaves as Social Media Manager, effective March 10, 2025, during Women’s History Month.
In her new role, Jenna Greaves will oversee FNN’s social media team and manage its growing social media platforms. She will also serve as a reporter, covering both political and environmental news.
Educational Background and Experience
Jenna holds a bachelor’s degree in print/digital journalism with a minor in political science/pre-law from the University of Central Florida. Her media experience includes working and interning at various local broadcast stations, a radio station, and print publications, giving her a well-rounded background in the industry.
Leadership and Vision
“Jenna is the right manager to lead our social media team, increase brand awareness, and engage our audience,” said FNN President J. Willie David III. “Her experience will play a vital role in enhancing FNN’s online presence and driving higher website traffic and content visibility for several of our platforms.”
– Florida National News Social Media Page
In her role as Social Media Manager, Jenna will develop and execute a comprehensive social media strategy designed to boost brand awareness, audience engagement, and online presence. She will collaborate closely with the editorial team to align content strategies with audience interests, ensuring FNN continues to deliver impactful news coverage.
Florida National News reached 1.4 million audience members in February 2025, and Jenna’s leadership is expected to expand this reach even further.
_________________________________________________________________________
J Willie David, III
Florida National News and FNN News Network
News@FloridaNationalNews.com
Business
Hispanic Chamber of Metro Orlando Honors Business Leaders at Exclusive Trustee Reception
Published
2 weeks agoon
March 12, 2025By
Willie David
ORLANDO, Fla. (FNN) – The Hispanic Chamber of Metro Orlando (Hispanic Chamber) hosted its exclusive Trustee Reception on Thursday, March 6, bringing together influential leaders and businesses for an evening dedicated to recognition, networking, and fostering impactful relationships.
Held at Houndsmen Lounge in Live at the Pointe Orlando, a proud member of the Hispanic Chamber, the event welcomed over 120 attendees, including trustees, business leaders, and prominent community figures.
Celebrating Leadership and Partnerships
During the reception, Pedro Turushina, President and CEO of the Hispanic Chamber, underscored the value of trust and collaboration in building a lasting legacy.
“Tonight, we celebrate you—our investors, our trustees, and our key partners who continuously fuel the growth and success of the Hispanic Chamber,” Turushina shared. “We grow when we trust each other, when we come together to create an impact. If you are here tonight, it’s because you want to leave a legacy. You want to make a difference.”
The evening also featured remarks from Alejandra Escobar, Vice President of the Hispanic Chamber, who highlighted the entrepreneurial spirit driving the region’s Hispanic business community.
- Other Business News: FloridaNationalNews.com congratulates Ambassador Rudolph Moise on being selected as one of the “12 Good Men 2025” by Ronald McDonald House Charities of South Florida
“Thank you for being here this evening, where we recognize the spirit of entrepreneurship and the commitment that drives our thriving Hispanic business community,” Escobar said.
Industry Representation and Community Engagement
The Hispanic Chamber’s 55 Trustees span key industries vital to Central Florida’s economic growth, including:
- 13 minority-owned businesses
- 14 financial services institutions
- 6 higher education organizations
- 5 healthcare and wellness providers
- 5 construction companies
- 6 government and nonprofit agencies
- 4 major parks and hotels
- FNN delivers news that matters to you. Support Florida National News
Distinguished Guests and Live Entertainment
The Hispanic Chamber welcomed prominent leaders such as City of Orlando District 2 Commissioner Tony Ortiz and City of Kissimmee Mayor Jackie Espinoza.
The reception’s entertainment featured a captivating tango performance by Art and Movement LLC and lively music from DJ Paulo, both Chamber members.
Acknowledging Key Supporters
The Chamber extended special thanks to Travel + Leisure, the presenting sponsor, for their invaluable support. Appreciation was also given to over 80 dedicated volunteers, including the Board of Directors, Ambassadors, Supplier Council, and the Hispanic Business Advocacy Committee for their continued efforts in advancing the Chamber’s mission.
“We are incredibly grateful for the 55 Trustees — corporations, government agencies, and regional leaders — who help power our mission forward,” Turushina stated.
He further encouraged sponsors and strategic partners to continue investing in the Chamber’s impactful programs, events, and initiatives to further strengthen Central Florida’s business community.
_________________________________________________________________________________
J Willie David, III
Florida National News and FNN News Network
News@FloridaNationalNews.com
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