DoubleVerify agrees to be acquired by Nielsen for $2.15 billion

M&A · PartnershipEarnings
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Summary · why it matters

DoubleVerify shares surged 12.9% after the digital ad verification company agreed to be acquired by Nielsen Holdings in an all-cash deal with an enterprise value of approximately $2.15 billion. Nielsen will pay $13.60 per share for DoubleVerify. The companies said combining DoubleVerify's MRC-accredited quality signals with Nielsen's cross-screen audience measurement will create a single currency scoring media on both audience delivery and environment quality. The acquisition was announced after DoubleVerify reported a 3% year-over-year increase in second-quarter revenue to $193.8 million. Upon the deal's close, Providence Equity Partners will conclude its 11.8% investment in the company.

Impact on stocks 1

Information Technology · 1 stocks

Off-coverage companies 2

Nielsen HoldingsPrivate▲ Positive
Capitalrelevance

Acquiring DoubleVerify to enhance measurement capabilities.

Providence Equity PartnersPrivate± Mixed
Capitalrelevance

Providence Equity Partners will exit its investment upon deal close.