Nielsen Holdings PLC (NYSE:NLSN) shares are surging Monday following a Wall Street Journal report indicating a consortium of private-equity firms including Elliott Management is in advanced talks to acquire the company in a deal valued around $15 billion.
The report, citing people familiar with the matter, suggests that negotiations are progressing and a takeover deal could be completed within weeks.
Nielsen shares popped more than 40% following the report.
Nielsen operates as a media and content ecosystem provider and offers audience measurement, data and analytics services.
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NLSN 52-Week Range: $16.02 - $28.42
Nielsen shares were up 40.6% at $24.61 at time of publication.
