News Corp buys oil information service for $1.56b

Original article by Miranda Ward
The Australian Financial Review – Page: Online : 4-Aug-21

Global media giant News Corporation has struck a deal to buy Oil Price Information Service, which provides referencing pricing and news and analytics for the energy and renewables sectors. News Corp will pay $US1.15bn ($1.56bn) for OPIS, which will become part of its Dow Jones Professional Information Business. OPIS is forecast to post revenue of around $US129m in the year to 30 November. News Corp has made a number of other acquisitions during 2021.

CORPORATES
NEWS CORPORATION – ASX NWS, OIL PRICE INFORMATION SERVICE, DOW JONES AND COMPANY

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