Elliott Management Corp: Last News

Brian Steinberg Senior TV EditorShares of media-measurement giant Nielsen surged Tuesday after the purveyor of TV ratings said its largest shareholder reached an initial agreement to support a $10 billion buyout of the TV ratings company by a a group of private-equity firms.Nielsen said it had decided to delay a shareholder vote on a proposal that would have Elliott Management Corp. and Brookfield Asset Management Inc.

Brian Steinberg Senior TV EditorNielsen Holdings PLC has turned down a bid by a private-equity consortium to buy the media-measurement giant, noting that the company feels the proposal “does not adequately compensate shareholders for Nielsen’s growth prospects.”Shares in the company, which has been under scrutiny for months as TV networks that represent some of its biggest clients have sought new measurement work from rivals, soared more than 40% on Monday on a report that a group that included Nielsen investor Elliott Management Corp. sought to buy the company for what could be around $15 billion, including debt.Nielsen said its choice was bolstered by conversations with one of its largest shareholders, The WindAcre Partnership, an investor since 2013.

Brian Steinberg Senior TV EditorShares of media-measurement kingpin Nielsen Holdings PLC surged more than 40% Monday after The Wall Street Journal reported the company had started talks with a group of private-equity firms, including Elliott Management Corp., for a sale that could be valued at approximately $15 billion, including debt.Elliott Management has a reputation for pressing for big changes at the companies in which it invests, and has in the past called for different management of companies including Barnes & Noble. Interpublic Group and AT&T.

Dorsey, 45, will remain on Twitter's board of directors until next year. Chief technology officer Parag Agrawal, who joined Twitter in 2017, will replace Dorsey as the company's new CEO, effectively immediately.In a tweet announcing his resignation Monday, Dorsey didn't discuss what lies ahead for his career, but said, «I decided it's time for me to finally leave.»Dorsey noted that the view that companies should continue to be led by their founders is «severely limiting.» But his departure also comes more than a year after activist investor Elliott Management Corp.