FiscalNote Completes $180M Acquisition of CQ Roll Call from The Economist Group
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Business Wire
FiscalNote Founder Tim Hwang Will Lead the Company as Chairman and CEO WASHINGTON--(BUSINESS WIRE)-- FiscalNote, a technology innovator at the intersection of global business and government that provides advanced, data-driven Issues Management solutions, today announces that it has completed its acquisition of CQ Roll Call from The Economist Group for $180 million through a combination of cash and equity. The Economist Group obtains an 18 percent equity stake in FiscalNote, making it the largest single shareholder of the company and Chris Stibbs, CEO of The Economist Group, will join the board of directors. As part of the transaction, S&P Global (NYSE: SPGI) takes a strategic equity investment in the D.C.-based FiscalNote and appoints Mark Blake, its global head of corporate development, as a Board Observer. FiscalNote Founder Tim Hwang remains the largest individual shareholder and will lead the company
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