Nielsen , the media measuring company , to be acquired for US $ 16bn
Just one week after it rejected a smaller offer , Nielsen announced it had accepted an acquisition bid of a whopping US $ 16bn ; the company itself has an annual global revenue of around US $ 3.5bn . The company , which collects viewing data , plays a big role in determining where billions in advertising dollars are spent each year . A group of private equity investors led by Evergreen Coast Capital Corp ., an affiliate of Elliott Investment Management L . P . and Brookfield Business Partners L . P ., along with institutional partners , will pay $ 28 for each outstanding Nielsen share . New York City-based Nielsen turned down the group ’ s previous offer , saying it had significantly undervalued the business . The deal is expected to close in the second half of this year . It still needs approval from Nielsen shareholders and regulators .
� HUAWEI Huawei ’ s Chief Financial Officer says the company may be emerging from a “ black zone ” of business disruptions due to U . S . sanctions . Huawei Technologies Ltd . reported its 2021 profit rose 75.9 %
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� DIT . RUR . IPS , NOTAS Asian ride-hailing app , Grab , has recently lost its CEO , Wui Ngiap Foo , who has left the company to lead a metaverse gaming firm , Ethlas . He was Grab ’ s Head of Integrity and oversaw the company ' s identity , trust and safety functions .
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