Nasdaq to Acquire Marketwired
Acquisition expected to significantly enhance Nasdaq's corporate services and product suite with Marketwired's media analytics and targeting capabilities
Expected to be accretive to Nasdaq's earnings within twelve months of closing and generate attractive returns on capital
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.
"This transaction is a testament to our commitment to growing this business and delivering the most innovative communications tools and intelligence to our Corporate Solutions clients across the investor relations and public relations solutions suite," said
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.
"There is a natural fit between the two organizations in terms of our
long-term strategy and shared values based around innovation and customer centricity," said
"This is a major opportunity for our Corporate Solutions business to enhance its end-to-end portfolio of services for communication professionals—including news distribution, media research, social media and analytics," said
Marketwired is a communications leader and partner of choice for marketing, public relations and investor relations professionals worldwide seeking premier news distribution and social communication solutions. For more than 30 years, the company has played a pivotal role in connecting newsmakers to news consumers by sharing market-moving, direct-from-source information on behalf of companies worldwide. The Marketwired team partners with thousands of customers to help them discover better ways to create and share their news with the people who influence their brands and impact their business. Visit: www.marketwired.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the
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