M&A
confidence high
sentiment neutral
materiality 0.70
Clarivate sells MarkMonitor domain management to Newfold Digital for ~$302.5M cash
CLARIVATE PLC
- Purchase price ~$302.5M: $292.5M at initial close, $10M deferred; close expected late 2022.
- MarkMonitor 2022 estimated revenue ~$80M and EBITDA ~$35M.
- Transaction excludes China/Japan initially; subject to regulatory approvals.
- Clarivate to focus on core IP lifecycle portfolio post-divestiture.
- MarkMonitor team led by Stu Homan will join Newfold.