Dun & Bradstreet Update
On April 27th, 2015 Dun & Bradstreet announced that it will be acquiring Dun & Bradstreet Credibility Corporation for $320 million in cash plus an earnout of up to $30 million if certain performance milestones are met through 2018. The transaction has been approved by both boards of directors and is expected to close during May of 2015, pending regulatory approval.
This is big news for the business credit industry. “Dun & Bradstreet has the largest commercial database, and with this combination will add a valuable patent portfolio and technology intended to fuel future product development that serves the needs of companies of all sizes,” said Jeff Stibel, Chairman and CEO, Dun & Bradstreet Credibility Corporation. “By combining two highly successful and complementary teams within one global company, we will create significant value for our customers.”
If you’re not familiar with how the purchase all came about in the first place let’s do a quick recap. Back in 2010 Dun & Bradstreet divested its Self-Awareness Solutions business to Dun & Bradstreet Credibility Corporation and entered into a data license partnership.
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