S&P Global Picks Up Another AI Provider With Kensho Deal; Price Tag Seems Hefty
Wide-moat S&P Global's $550 million purchase of startup venture Kensho Technologies is unlikely to alter our $173 per share fair value estimate for the firm. The transaction is somewhat rich, though, with the $360 million in S&P stock and $190 million in cash valuing Kensho at more than 27 times annualized revenue. This deal marks S&P Global's second purchase of a firm with artificial intelligence capabilities this year after picking up Panjiva in February.Kensho, which is a provide...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.