FactSet to Buy Cusip from S&P for $1.9 Billion in Open Data Push

FactSet Research Systems Inc., a financial data supplier, agreed to buy S&P Global Inc.’s Cusip Global Services for $1.9 billion in cash to gain data elements for new financial instruments.

FactSet said the planned purchase of the securities-identification data firm will help advance its open data strategy in a statement Monday.

S&P is selling Cusip and other businesses to gain regulatory approval for its $39 billion takeover of IHS Markit Ltd. To ease competition concerns, IHS also agreed to sell its Base Chemicals business to News Corp. for $295 million.

Cusip is the exclusive provider of CUSIP and ...