Nasdaq (Nasdaq:NDAQ) today announced the completion of its acquisition of Marketwired, a leading global provider of news distribution services and analytics for communications professionals.
Nasdaq announced its intent to acquire Marketwired on February 12, 2016. The deal expands Nasdaq's position as a leading, global corporate services provider. Nasdaq’s corporate services clients will benefit from an enhanced experience by gaining access to Marketwired’s market-leading social media targeting tools and analytics, as well as an expanded reach of Nasdaq's GlobeNewswire.
The acquisition is expected to be accretive to Nasdaq's non-GAAP earnings within twelve months and should have no material impact on Nasdaq's financial leverage or capital return strategy.
