DoubleVerify soars on Nielsen take-private deal

BROOKFIELD ASSET MANAGEMENT

07/08/2026 15:58

** Digital media analytics firm DoubleVerify DV.N shares soar 13.3% to $13.27, an 11-month high, after Nielsen Holdings agreed to buy the co for around $2.15 bln
** DV stock on course for steepest one-day pct advance since Nov 10, 2022
** Under deal terms announced late Thurs, DV shareholders to receive $13.60/sh in cash, which represents about 16% premium to their last close
** Transaction has been unanimously approved by the boards of both cos; it's expected to close by end of 2026, subject to approval by DV shareholders, receipt of required regulatory approvals, and other conditions
** Providence Equity Partners, which owns approx 11.8% of DV, has agreed to vote in favor of the transaction, per the statement
** DV, which went public in 2021 IPO at $27/sh, had market value of about $1.8 bln through Thurs
** After the bell Thurs, DV reported Q2 rev of $193.8 mln, missing analysts' estimate of $202.2 mln, per LSEG, and said it's withdrawing all previously issued financial outlook and guidance due to pending acquisition
** Nielsen, which was taken private in 2022 for $16 bln by Elliott Management and Brookfield Asset Management, will finance acquisition with cash and debt financing provided by Barclays, BofA and Citi

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))