McGraw-Hill Cos. (MHP) is in advanced talks to combine its S&P Indices business with CME Group Inc.'s (CME) Dow Jones Indexes, according to a report published in the online version of The Wall Street Journal late Thursday.
If a deal is completed, a joint venture will house well-known indicators including the S&P 500 Index SPX and the Dow Jones Industrial Average DJIA . McGraw-Hill would manage the joint venture and be its largest stakeholder, according to the report, citing people familiar with the matter.
CME owns 90% of the Dow Jones Indexes through a joint venture with Dow Jones & Co. CME would have a minority stake of about 25%, while Dow Jones could have a minimal stake. Dow Jones is a unit of News Corp. (NWS)
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