Nasdaq Completes Sale of its Public Relations Solutions and Digital Media Services Businesses to West Corporation
April 16 2018 - 8:02AM
Nasdaq, Inc. (Nasdaq:NDAQ) (“Nasdaq”) today announced the
successful completion of the sale of its Public Relations Solutions
and Digital Media Services businesses to West Corporation (“West”),
a global leader in technology-enabled services, for approximately
$335 million.
Through a multi-year partnership with West, Nasdaq will continue
to provide eligible Nasdaq-listed clients with seamless access to
public relations, webcasting and webhosting products and services
as part of the terms of the transaction.
Nasdaq is dedicated to providing corporate clients with
successful interaction with the capital markets, accompanied by
strategic C-Suite and board solutions that provide investor
relations intelligence and governance insights and collaboration.
The completion of the transaction will enable Nasdaq to focus our
efforts on strengthening technology, data and analytics
capabilities within our core investor relations and governance,
risk and compliance solutions, which are an important component of
Nasdaq's relationships with its corporate clients.
Through our continued ownership and investment in Nasdaq IR
Insight®, Nasdaq Boardvantage®, and Nasdaq BWise, our clients will
continue to receive services that aim to help them navigate the
capital markets, manage their relationships with investors and
establish a strong governance foundation.
As previously announced, Nasdaq expects to use the proceeds from
the sale for share repurchases.
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 the sale of the Public
Relations Solutions and Digital Media Services businesses and
Nasdaq’s other strategic initiatives, acquisitions or divestitures
and 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 U.S. Securities and Exchange Commission. We undertake no
obligation to release any revisions to any forward-looking
statements.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading,
clearing, exchange technology, listing, information and public
company services. Through its diverse portfolio of solutions,
Nasdaq enables customers to plan, optimize and execute their
business vision with confidence, using proven technologies that
provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first electronic
stock market, its technology powers more than 90 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to approximately 3,900 total listings with a market
value of approximately $13 trillion. To learn more, visit:
http://business.nasdaq.com.
Nasdaq Media Relations Contact:
Will Briganti(212) 231-5012william.briganti@nasdaq.com
Nasdaq Investor Relations Contact:
Ed Ditmire, CFA(212) 401-8737ed.ditmire@nasdaq.com
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