… LSE will be buying, not selling, but the result is the same: A $27 billion deal to create a global powerhouse in data and trading platforms that will more than double the value of the Blackstone group’s initial equity investment in Refinitiv in just 10 months. LSE added almost $4 billion in market value in the first trading day after the talks were confirmed.

“Schwimmer was clearly brought in to do a deal and seems to be delivering,” said Niki Beattie, founder of Market Structure Partners. “The deal shows the importance of data in the world going forward.” …