TV rankings large Nielsen is to be acquired by personal fairness consortium Evergreen Coast Capital Company and Brookfield Enterprise Companions in a deal valued at round $16BN.
The Nielsen Board of Administrators voted unanimously to assist the acquisition proposal, which represents a ten% premium over the Consortium’s earlier proposal and a 60% premium over Nielsen’s unaffected inventory value.
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The Board mentioned it reached the dedication following a complete evaluation of the proposal, with the help of unbiased monetary and authorized advisors.
“After a radical evaluation, the Board decided that this transaction represents a beautiful final result for our shareholders by offering a money takeout at a considerable premium, whereas supporting Nielsen’s dedication to our shoppers, staff and stakeholders,” mentioned James A. Attwood, who chairs the board.
On behalf of Evergreen and proprietor Elliott Funding Administration, Managing Companion Jesse Cohn and Senior Portfolio Supervisor Marc Steinberg mentioned: “Having first invested in Nielsen almost 4 years in the past, we now have a novel appreciation for the Firm’s ongoing relevance to the worldwide, digital-first media ecosystem. Right this moment’s final result represents a big win for Nielsen’s shareholders and for the enterprise itself.”
The transaction continues to be topic to approval by Nielsen’s shareholders.
Nielsen was based nearly 100 years in the past by Arthur C Nielsen Senior and has since grown into the most important TV rankings participant, buying and merging with a spread of firms alongside the way in which.
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