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Weekly News Digest
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January 15, 2019 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.
CLICK HERE to view more Weekly News Digest items.
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Clarivate Analytics Is Merging With Churchill Capital Corp
Clarivate Analytics announced that it has entered into a definitive agreement to merge with the Churchill Capital Corp public investment vehicle. According to the blog post, “The combined company will operate as Clarivate and will become publicly listed on the New York Stock Exchange. The transaction implies an initial enterprise value of approximately $4.2 billion with a multiple of approximately 12.5x Clarivate’s estimated 2019 Standalone Adjusted EBITDA before synergies at the time of close.”Churchill’s CEO, Jerre Stead, will become executive chairman of the combined company. “Clarivate’s existing management team, led by CEO Jay Nadler and CFO Richard Hanks, will continue to lead the business,” the blog post notes. Nadler says, in part, “This is an exciting milestone in Clarivate’s evolution that will open a wide range of future growth opportunities for the business and allow us to further invest in the brightest minds, game changing data science, and robust technologies.” For more information, read the blog post.
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Brandi Scardilli
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