BRUSSELS (Reuters) – Business information provider S&P Global (NYSE:) Inc has offered concession in an attempt to secure EU antitrust approval for its $44 billion buy of IHS Markit Ltd, a European Commission filing showed on Monday.

S&P announced the deal to create a new data powerhouse last November, underscoring the consolidation in the financial information services industry, as companies race to create one-stop shops to lure the biggest clients and invest in artificial intelligence and machine learning.

S&P submitted its offer on Friday to the EU competition enforcer, which extended its deadline for a decision to Oct. 22 from Oct. 8.

Although the Commission did not give any details, it will seek out feedback from customers and rivals before accepting or rejecting the proposal.

To address regulatory concerns about the deal, S&P struck a deal in August to sell its U.S oil pricing agency Oil Price Information Service (OPIS) and related assets to News Corp (NASDAQ:), subject to the closing of its IHS Markit deal.

The UK competition authority is currently investigating the matter, and a decision on whether to approve or deny it will be made by October 19.

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