Nielsen has arranged to sell itself to a consortium of private equity firms led by Evergreen Coast Capital Corp in an agreement valued at $16 billion. The deal will see the affiliate of Elliott Investment Management – and Brookfield Business Partners will assume the measurement giant’s debt in the $28-per share offer.
The board for Nielsen voted unanimously to back the purchase proposal, which symbolizes a 10% premium over the consortium’s earlier bid and a 60% premium over Nielsen’s stock price before the possible sale surfaced in early March.
“After a thorough assessment, the Board determined that this transaction represents an attractive outcome for our shareholders by providing a cash takeout at a substantial premium, while supporting Nielsen’s commitment to our clients, employees and stakeholders,” Nielsen Chair James A. Attwood, said per Inside Radio.
“The consortium sees the full potential of Nielsen’s leadership position in the media industry and the unique value we deliver for our clients worldwide.”
Earlier this month, Nielsen declined what it dubbed an “unsolicited” buyout proposal of $9.13 billion cash plus the assumption of the company’s roughly $5 billion in debt.
The data and market measurement firm stated that the $25.40 per-share bid “significantly undervalued” the ratings company and wouldn’t sufficiently compensate shareholders for what it said is Nielsen’s growth prospects.
“After months of deep market analysis, industry diligence and management reviews, we are firmly convinced that Nielsen will continue to be the gold standard for audience measurement as it executes on the Nielsen One roadmap,” Evergreen and Elliott’s Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg said in a joint statement.
“Having first invested in Nielsen nearly four years ago, we have a unique appreciation for the company’s ongoing relevance to the global, digital-first media ecosystem. Today’s outcome represents a significant win for Nielsen’s shareholders and for the business itself, as our multibillion-dollar investment will help Nielsen reinforce its transformation at this critical inflection point. We are pleased to partner with David and the existing management team to lead Nielsen after the transaction is completed.”
Chris Murphy: U.S. Soul “Is Dying Inside” If School Shootings Are the Norm
Murphy appeared on MSNBC’s “Morning Joe,” where he discussed the school shooting in Uvalde, Texas, leaving 19 children and two adults dead.
Senator Chris Murphy appeared on MSNBC’s “Morning Joe,” where he discussed the school shooting in Uvalde, Texas, leaving 19 children and two adults dead.
Murphy stated on the morning show that “something is dying inside the soul of this nation” when the country collectively permits the massacre of school children to become the norm.
“Something is dying inside the soul of this nation when we accept this as the new normal; when we just decide to become numb because it’s easier,” Murphy said.
“I want people in this country to feel a sense of outrage. That’s the reason I went to the floor yesterday as quickly as I did, because I don’t want people to fall into the sense of complacency.”
Like many parents after Tuesday’s events, Murphy had to talk to their children following the events of the latest school shooting.
“I know that they are sitting in school today talking with their friends about whether their school is next,” Murphy said.
“This is within our power to change. We are human beings with agency. This isn’t inevitable. None of it is. We are dying inside because too many Americans just throw up their hands and say it’s too hard, and the politics are too difficult. Not true.”
Chris Stirewalt Joins NewsNation as its Political Editor
Stirewalt will deliver what NewsNation calls “balanced and accurate political analysis” throughout the election season.
NewsNation will be welcoming a familiar face to their network as Fox News’ former political editor Chris Stirewalt joins the company as its political editor.
In his new position, Stirewalt will deliver what NewsNation calls “balanced and accurate political analysis” throughout the election season.
“Chris Stirewalt’s analytical abilities are the best in the business, and his insights during election season will prove to be an invaluable resource for viewers,” NewsNation’s Michael Corn, president of news, said, per TV Newser.
Stirewalt comes aboard NewsNation during a time when the network is strengthening its political operations.
The company has inked a broadcast partnership agreement with the digital news site Decision Desk HQ to deliver election data and exclusive polling results for the 2022 midterm primaries and general election.
“With honest reporting and data analysis, along with up-to-the-minute results from Decision Desk HQ, we are building upon our mission at NewsNation to become the leader in election night coverage you can trust,” Corn said.
Jeanine Pirro Wants a “Hardening Perimeter” for Each School
Pirro voiced support for “hardening the perimeter” of each school in the country and stationing security guards at them.
The latest mass shooting occurred at an elementary school in Uvalde, Texas, where a gunman killed 18 students and three adults. Much like in the Sandy Hook and Parkland shootings, many are voicing their opinions about how the country can avoid these incidents.
During a segment on “The Five,” co-host Jeanine Pirro voiced support for “hardening the perimeter” of each school in the country and stationing security guards at them.
“I mean, these children are–they’re babies,” Pirro said, per Mediaite. “They really are babies.”
Pirro suggested that many retired law enforcement officers would be willing to contribute their time to supply security at schools across the United States.
“I think that you’ve got a lot of people now – retired cops, retired sheriffs – who’d be more than happy to protect kids. I think right now – and I don’t want to get into the politics of it – but we’ve got to make sure that people understand, especially the schools and the teachers, that we need this,” Pirro said.
“It is a crazy world today. It’s very different than it was five years ago. But we need to do something about it I think this is one of the only ways to actually protect the school and the children.”