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LSE owner sells wealth technology platform for $1 billion, Sky News reports

    LSE owner sells wealth technology platform for $1 billion, Sky News reports

    March 21 (Reuters) – The London Stock Exchange Group entered into a $1 billion deal to sell a wealth technology platform to a consortium of investors, Sky News reported on Monday.

    LSEG will sell a group of assets called BETA+, which the London Stock Exchange owner acquired as part of its takeover of Refinitiv, to U.S.-based investment firms Motive Partners and Clearlake Capital Group, the report said.

    The deal could be announced later on Monday, Sky News said, citing a source.

    LSEG did not immediately respond to Reuters’ request for comment.

    Refinitiv was carved out from Thomson Reuters (TRI.TO), the parent of Reuters News, in 2018 by a consortium led by Blackstone (BX.N). It was then bought by LSEG in a $27 billion deal finalised in January 2021.