Nasdaq to acquire news distributor Marketwired
Nasdaq Inc (NDAQ.O) said on Friday it would acquire newswire operator and press release distributer Marketwired LP for an undisclosed sum, adding to the exchange operator's corporate services offerings.
The deal, which is subject to regulatory approval, would be funded through a mix of debt and cash and is expected to close in the first quarter of 2016, Nasdaq said.
Marketwired is currently owned by the private equity arm of the Ontario Municipal Employees Retirement System (OMERS), which in October was said to have been mulling a sale of the Toronto-based company. At the time, Marketwired was said to be valued at as much as $200 million, sources familiar with the situation told Reuters.
The deal is expected to add to Nasdaq's earnings within a year of closing and should have no material impact on Nasdaq's financial leverage or capital return strategy, the company said.