Tuesday, August 3, 2021

News Corp acquiring Rockville-based OPIS

News Corp is acquiring the Rockville-based Oil Price Information Service, the company announced yesterday. OPIS, a subscription-based energy pricing and analytics service, was founded in 1977. News Corp, which is paying $1.150 billion for the service, plans to fold it into its Dow Jones Professional Information Business unit.

“OPIS will be the cornerstone for a rising commodities, energy and renewables digital business that we are convinced will have a positive impact on Dow Jones and News Corp,” News Corp Chief Executive Robert Thomson said in a statement Monday. “We certainly believe OPIS and Dow Jones will be more than the sum of their valuable parts." OPIS is located at 2099 Gaither Road, in the King Farm area of Rockville.

No comments:

Post a Comment