Singapore's GIC buys 5% stake in TV ratings firm Nielsen
[SINGAPORE] Singapore sovereign wealth fund GIC has bought a 5 per cent 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 US$16.7 billion, in a US 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.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results