Home / Business and Economy / LSEG Buys Octus in $3.54B Data Analytics Boost
LSEG Buys Octus in $3.54B Data Analytics Boost
22 Oct
Summary
- LSEG acquired Octus for $3.54 billion to enhance data analytics.
- The deal aims to bolster LSEG's capabilities amid AI advancements.
- LSEG raised its 2026 revenue outlook to at least 8% growth.
London Stock Exchange Group (LSEG) announced on October 22, 2026, an agreement to acquire financial data group Octus for approximately $3.54 billion. This significant transaction is intended to enhance LSEG's data analytics capabilities, aligning with the evolving demands of the financial sector influenced by artificial intelligence.
The acquisition by LSEG, a major player in financial data and market operations, occurs amidst pressure from activist investor Elliott, who has advocated for portfolio changes and margin improvements. LSEG's CEO, David Schwimmer, stated that combining Octus's data with LSEG's existing business will create a powerful offering for customers.
This deal marks LSEG's largest acquisition since its 2019 purchase of Refinitiv. Despite concerns about AI's potential disruption to its financial data business, LSEG on October 22, 2026, raised its outlook for 2026 revenue, projecting at least 8% organic total income growth at constant currencies.
LSEG is also noted as a significant customer of Reuters, integrating news and data onto its Workspace platform and other products. The company's shares have seen a decline year-to-date, and are notably below their peak from February 2025.
