News Corp. said Tuesday it is planning to offer $500 million of 10-year bonds in a private offering with the proceeds earmarked to fund the acquisition of the Base Chemicals and Oil Price Information Service businesses from S&P Global Inc. and IHS Markit Ltd. News Corp., the owner of Dow Jones and MarketWatch, the publisher of this report, announced the acquisition of Base Chemicals in December for $295 million. Base Chemicals is known for its pricing data, insights, analysis and forecasting capabilities for base chemicals. The company has about 185 employees and was expected to generate about $65 million in revenue for the fiscal year ended Nov. 30. The acquisition of OPIS was announced in August for $1.15 billion in cash. News Corp. shares were not yet active premarket, but have gained 7% in the last 12 months, while the S&P 500 has gained 15%.
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