Nielsen completes $2.15 billion DoubleVerify acquisition deal
Source: Global Market Broadcast
Nielsen Holdings has agreed to acquire DoubleVerify Holdings for USD 2.15 billion, aiming to strengthen its own rating business.
The rating service provider issued a statement saying that DoubleVerify investors will receive USD 13.60 per share, representing a 60% premium over the volume-weighted average price of the stock over the 60 trading days ending August 5.
The statement shows that funds affiliated with Providence Equity Partners L.L.C., which hold 11.8% of DoubleVerify's outstanding common shares, have agreed to vote in favor of this transaction.
DoubleVerify dropped 2.3% in intraday trading on Thursday in New York, closing at USD 11.71, with a company valuation of approximately USD 1.8 billion. After the regular trading session, the stock rose to USD 13.25.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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