| GIC has snapped up a 5 per cent stake in Nielsen, a leading provider of TV audience ratings data, the Singapore sovereign wealth fund said in a United States regulatory filing late on Wednesday, in a deal estimated at more than US$800 million (S$1.1 billion).
GIC said in the filing with the US Securities and Exchange Commission that it had bought 18.7 million shares in New York-listed Nielsen, giving it slightly more than 5 per cent of the firm, which has a market capitalisation of US$16.7 billion. GIC spokesperson confirmed the investment, but declined to disclose further details, including the price paid for the shares...............................................Full Article: Source
|