West Corporation entered into a definitive agreement to acquire public relations solutions and digital media services businesses of Nasdaq, Inc. for approximately $340 million.
January 28, 2018
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West Corporation entered into a definitive agreement to acquire public relations solutions and digital media services businesses of Nasdaq, Inc. (NasdaqGS:NDAQ) for approximately $340 million on January 29, 2018. The consideration is subject to adjustments. In a related transaction, Nasdaq’s Board of Directors has authorized an additional $500 million for the share repurchase program. The transaction is subject to regulatory approvals and customary closing conditions and is projected to occur in the second quarter of 2018. Nasdaq expects to use the proceeds from the sale for share repurchases. Credit Suisse and LionTree are acting as financial advisors to West. Marshall P. Shaffer, Samantha T. Fang, Lorem Oumarova, Andrea K. Wahlquist Sasha F. Belinkie, Deborah L. Paul, Sehj Vather, Andrew J. Nussbaum and DongJu Song of Wachtell, Lipton, Rosen & Katz is acting as corporate counsel to West and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as financing counsel to West. Transaction financing is being provided by Credit Suisse, RBC Capital Markets, Barclays, Bank of America Merrill Lynch, Citigroup, Deutsche Bank and Goldman Sachs. Evercore is acting as exclusive financial advisor to Nasdaq. Jeffrey Brill, Michael Amalfe, Rahul Bhasin, Jessica Cohen, Mary Dear, Stuart Finkelstein, Kathleen Negri, Erica Schohn, Audrey Sokoloff, Brianna van Kan, Sarah Ward and Gavin White of Skadden, Arps, Slate, Meagher & Flom LLP is acting as lead corporate counsel, Baker McKenzie is advising on international issues and David Wales and Craig Waldman of Jones Day is acting as antitrust counsel to Nasdaq.
Nasdaq, Inc. is one of the world's leaders Stock Exchanges. Net sales by activity break down as follows:
- trading services (63%): operations execution and managing on shares, derivatives, obligations, commodities, structured products and exchange-traded funds;
- sale of data and market indexes (18.3%);
- listing services (10.4%): financial instruments listing management;
- market software sale (7.9%). Besides, the group offers solutions of brokerage, storage, clearing and settlement of securities, information surveillance and delivery;
- other (0.4%).
The United States account for 81.9% of net sales.
West Corporation entered into a definitive agreement to acquire public relations solutions and digital media services businesses of Nasdaq, Inc. for approximately $340 million.
NASDAQ, INC. 
