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-0.00632911392405064 -0.0189873417721519 -0.0379746835443038 -0.0443037974683545 0 -0.060126582278481 -0.100886075949367 -0.114493670886076
Stock impact report

FiscalNote Inks $40 Million Deal To Divest Two Non-Core Assets, Reducing Debt And Sharpening Core Focus [Yahoo! Finance]

FiscalNote Holdings, Inc. Class A common stock (NOTE) 
Company Research Source: Yahoo! Finance
companies, Oxford Analytica and Dragonfly , from its Global Intelligence division to Dow Jones, a division of News Corporation (NASDAQ: NWS ) for $40 million. The sale reflects FiscalNote's ongoing strategy to concentrate on its core Policy platform. The net proceeds from the sale will allow FiscalNote to return capital, reducing its senior term loan and enhancing its balance sheet This move simplifies the business, minimizing complexity while boosting productivity, efficiency, and profitability. News Corp anticipates receiving a $4 million tax benefit as part of the transaction The transaction is expected to close in the first quarter of 2025, pending antitrust clearance in Austria and other customary conditions. Josh Resnik , FiscalNote's CEO & President, said, “This divestiture enables us to pay down a significant portion of our senior term loan, resulting in a cumulative paydown of more than 60 percent in the past year. Beyond strengthening our financial position, this Show less Read more
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