Nielsen Holdings has agreed to acquire DoubleVerify Holdings for $2.15 billion with the intention of strengthening its rating business. The rating service provider issued a statement saying that DoubleVerify investors will receive a consideration of $13.60 per share, a 60% premium over the stock's volume-weighted average price over the 60 trading days up to August 5. According to the statement, the associated fund under Providence Equity Partnership LLC holds 11.8% of DoubleVerify's common shares in circulation and has agreed to vote in favor of the transaction. DoubleVerify fell 2.3% intraday in New York on Thursday to $11.71, and the company's market capitalization was about $1.8 billion. The stock rose to $13.25 after the regular trading session closed.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.