February 5, 2015 / 4:17 AM / 3 years ago

Singapore's GIC buys 5 pct stake in TV ratings firm Nielsen

SINGAPORE, Feb 5 (Reuters) - Singapore sovereign wealth fund GIC has bought a 5 percent stake in Nielsen NV , a leading provider of TV audience ratings data, for an undisclosed amount, according to a regulatory filing.

GIC Private Ltd disclosed its holding of common stock in Nielsen, which has a market value of $16.7 billion, in a U.S. Securities and Exchange Commission filing dated Feb 4.

Over the past year, GIC, ranked by the Sovereign Wealth Fund Institute as the world’s eighth-largest fund with $320 billion of assets, has taken a series of stakes in businesses in both emerging and developed markets. (Reporting by Anshuman Daga; Editing by Kenneth Maxwell)

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