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S&P, Markit to Sell Fuel-Data Arm to News Corp. to Ease Merger

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S&P Global Inc. and IHS Markit Ltd. agreed to sell fuel-price and other commodities information services to News Corp. for $1.15 billion, aiming to smooth regulatory approval for a planned $39 billion merger.

The sale of Markit’s Oil Price Information Services, PetroChem Wire and Coal, Metals and Mining businesses is expected to close with the S&P-Markit combination in the fourth quarter, subject to regulatory approval, according to a statement Monday.