Nasdaq, Inc. (Nasdaq:NDAQ) has today announced the successful completion of the sale of its Public Relations Solutions and Digital Media Services businesses to West Corporation (“West”), a technology-enabled services company, for approximately $335 million.
Through a multi-year partnership with West, Nasdaq has confirmed that it will continue to provide eligible Nasdaq-listed clients with seamless access to public relations, webcasting and web-hosting products and services as part of the terms of the transaction.
Nasdaq shared that it is dedicated to providing corporate clients with successful interaction with the capital markets, accompanied by strategic C-Suite and board solutions that provide investor relations intelligence and governance insights and collaboration.
The completion of the transaction will enable Nasdaq to focus its efforts on strengthening technology, data and analytics capabilities within Nasdaq’s core investor relations and governance, risk and compliance solutions, which are an important component of Nasdaq’s relationships with its corporate clients.