Aaaah, summer courtships.
Financial data giants Bloomberg
are separately trying to buy the fixed income index business of Barclays
the Wall Street Journal
article cites people familiar with the subject, who say that separate bids from the two data firms are nearing $1 billion.
, according to the Journal
, is significant in the fixed income index space because of the popularity of its flagship U.S. Aggregate bond index
Indexes are important for bond folk because of the decentralized of the debt markets, according to the Journal
This wooing represents a big step for Markit
, which raised $1.5 billion this June during its IPO.
bidding represents the second big play for a major indexer.
After several months of heated bidding from at least six rivals, Russell Investments was bought by the London Stock Exchange
. The plum asset in this purchase was Russell's indexing business, leading to widespread talk
that the LSE would look to spin off Russell's other operations.
Stay ahead of the news ... Sign up for our email alerts now