Measurement Giant Nielsen Sold to Private-Equity Group for $16 Billion
Posted by
JD (aka Jason Dean)
Mar 29 '22, 09:45
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Nielsen said Tuesday that it would be purchased by a group led by Evergreen Coast Capital Corporation, an affiliate of activist fund Elliott Investment Management L.P., which has been lobbying for a Nielsen sale, and Brookfield Business Partners L.P., in a deal that calls for an all-cash deal of for $28 per share, or $16 billion, including the assumption of debt. Nielsen had previously blocked a sale, saying it did not value the company’s growth prospects properly.
????
What exactly is that 'affiliate' relationship between Evergreen and Elliot? To my ignorant self, it kind of sounds like Elliot advocated for the sale and then bought Nielsen?
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