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