Nielsen Holdings Plc has agreed to be acquired by a consortium including Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management, and Brookfield Asset Management Inc.
The take-private deal values Nielsen, the television-ratings gold standard since the 1950s, at about $16 billion including debt, according to a statement Tuesday. The offer is all cash.
The consortium has fully committed debt and equity financing and there are no financing conditions to the closing, which is expected in the second half of the year. The transaction requires approval from Nielsen shareholders and U.K. court approval. Nielsen has a 45-day go-shop period to find other potential suitors.
