LSEG in talks to acquire Permira-owned Octus

The signal here is strategic rather than financial: an exchange operator moving on a private-equity-owned asset suggests consolidation is reaching further into data and analytics rather than core trading infrastructure, where LSEG already sits. It matters most to competing data providers and to the private-equity owners weighing exit routes for similar holdings. Whether talks convert into a signed deal, and what that implies for valuations across comparable assets, is the open question.