Nasdaq to acquire Marketwired and its 8,500 clientsStaff writer ▼ | February 12, 2016
Nasdaq has entered into a definitive agreement to acquire Marketwired, a global provider of news distribution services and analytics for communications professionals.
Acquisition The acquisition is expected to be accretive to Nasdaq in 12 months
Subject to customary conditions, the deal will be funded through a mix of debt and cash on hand and is expected to close in the first quarter of 2016.
Nasdaq's corporate services clients will benefit from an enhanced experience by gaining access to Marketwired's market-leading social media targeting tools and analytics.
As the media landscape continues to expand globally, including tremendous growth of social media channels, the combined organization will be a leader in global distribution of news releases through Nasdaq's world-class GlobeNewswire distribution capabilities and work-flow platform, as well as Marketwired's leading offering of social media targeting and monitoring services.
The acquisition is expected to be accretive to Nasdaq's non-GAAP earnings within twelve months of closing and should have no material impact on Nasdaq's financial leverage or capital return strategy. ■