Nasdaq today announced the $335M sale of its PR business to Omaha-based West Corp., provider of voice/data services communications.
The units include GlobeNewswire, webhosting/webcasting services, media monitoring and an influencer database of journalists and their social media profiles.
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The sale is the result of Nasdaq’s decision in September to explore strategic alternatives for businesses that did not fit its technology, data and analytics segments.
As part of the PR divestiture,, Nasdaq has agreed to a multi-year partnership with West to provide Nasdaq clients access to certain of its products and services.
West generated $2.2B revenues during 2016 from businesses such as web/video conferences, 9-1-1 emergency services networks, school safety systems and healthcare communications.
In 2016, it announced its own plan to study strategic alternatives, which led to the $5B acquisition of West by Apollo Global Management last October.
FTI Consulting handles media for Modivcare Inc., the Denver-based provider of non-emergency healthcare services. as a Texas federal bankruptcy court confirms its Chapter 11 restructuring plan.
WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
