Nielsen, the company best known for providing TV ratings, is being bought by a consortium in a deal worth $16 billion, including debt.
The consortium is led by Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P. together with institutional partners. The all-cash transaction includes $28 per share for a total value of around $16 billion.
The deal comes a week after one fell through with Elliott that was valued at $15 billion, but the company opted not to do a deal that valued their share price at $25.40. The new deal is 10% greater than the consortium’s previous offer.