RESTON, Va., March 10, 2021 /PRNewswire/ -- Comscore,
Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting
and evaluating media across platforms, today reported the closing
of its previously announced investment transactions with Charter
Communications, Qurate Retail and an affiliate of Cerberus Capital
Management.
Each of Charter, Qurate and Cerberus made a cash investment in
exchange for shares of convertible preferred stock. Proceeds
from the investment were used to repay and extinguish Comscore's
senior secured convertible notes held by affiliates of Starboard
Value LP. Comscore also repaid and extinguished its foreign
secured term note.
Goldman Sachs & Co. LLC and Evercore served as financial
advisors and Vinson & Elkins LLP served as legal counsel to
Comscore.
Kirkland & Ellis LLP served as legal counsel to Charter,
Baker Botts LLP served as legal counsel to Qurate, and Davis Polk & Wardwell LLP served as legal
counsel to Cerberus.
Additional details regarding the transactions will be included
in a Form 8-K filed with the SEC.
About Comscore
Comscore is a trusted partner for planning, transacting and
evaluating media across platforms. With a data footprint that
combines digital, linear TV, over-the-top and theatrical viewership
intelligence with advanced audience insights, Comscore allows media
buyers and sellers to quantify their multiscreen behavior and make
business decisions with confidence. A proven leader in
measuring digital and TV audiences and advertising at scale,
Comscore is the industry's emerging, third-party source for
reliable and comprehensive cross-platform measurement.
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SOURCE Comscore