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.
WPP CEO Cindy Rose has retained Goldman Sachs to explore strategic options regarding its Burson PR flagship, according to a report in the London Times.
Mike Sitrick has bought his firm Sitrick And Company back from RGP, the Dallas-based management consulting firm. He sold the strategic communications powerhouse for $43.4M in Oct. 2009.
Omnicom CEO John Wren enjoyed a 222 percent jump in 2025 compensation to $69.9M as the firm completed the acquisition of Interpublic.
Public Policy Holding Company recorded 24.7 percent growth in 2025 revenues to $186.5M and a 32.1 percent surge in adjusted net income to $36.6M.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
