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Nielsen Expositions To Be Acquired By Onex For $950M

Interbike and Outdoor Retailer parent company Nielsen Holdings has agreed to sell its Nielsen Expositions division, which contains the action sports specific trade shows, to Onex for $950M, according to several news sources. Onex Corp, a Canadian private equity firm, saw shares jump 1% today to C$50 on the Toronto Stock Exchange, according to the Chicago Tribune:

“Divesting the expositions business allows us to focus on these core areas that provide our clients with a comprehensive understanding of consumers,” Nielsen Chief Financial Officer Brian West said in a statement on Monday.

Nielsen shares rose as much as 2 percent on the New York Stock Exchange on Monday.

The deal with Onex comes about five months after Nielsen said it would buy radio ratings company Arbitron Inc for $1.26 billion in a deal that would create a powerhouse, placing the measurement of audience for TV and radio under one company.