UK watchdog probes S&P Global's $44 bln deal with IHS Markit

Britain's competition regulator said on Monday it has started its investigation into whether business information provider S&P Global's $44 billion purchase of London-based peer IHS Markit Ltd would hurt competition.

S&P Global last year agreed to buy IHS Markit, creating a new data powerhouse serving Wall Street and the corporate world.

The Competition and Markets Authority said it has set a deadline of Oct. 19 for its phase 1 decision. The regulator had invited comments from interested parties in June.