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8 months ago
BRIEF-Nielsen acquires Gracenote from Tribune Media
December 20, 2016 / 11:47 AM / 8 months ago

BRIEF-Nielsen acquires Gracenote from Tribune Media

Dec 20 (Reuters) - Nielsen Holdings Plc

* Nielsen acquires Gracenote

* Nielsen Holdings PLC says Gracenote will operate as a business unit within Nielsen

* Nielsen Holdings Plc says Nielsen expects acquisition of Gracenote to be neutral to 2017 GAAP EPS and slightly accretive in 2018

* Nielsen Holdings PLC says it has entered into an agreement with Tribune Media company to purchase Gracenote

* Nielsen Holdings PLC says transaction is expected to be financed through a combination of cash and debt

* Nielsen Holdings PLC says transaction is expected to close in Q1 of 2017

* Company will continue to operate from its headquarters in Emeryville, California after deal Source text for Eikon: Further company coverage:

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