Investor Presentaiton
Dow Jones Select Transaction Comps
($ IN MILLIONS)
29.1x
17.0x
16.4x
26.0x
19.4x
16.3x
Target
The Washington Post
FT FINANCIAL
TIMES
THOMSON
REUTERS
REIS
REFINITIV
(Financial Risk & US Holdings)
(55% Stake)
DBRS
27.9x
Mean
IHS Markit
17.8x
N/A
OPIS
By IHS Markit
S&P Global
(Base Chemicals)
Acquirer
Enterprise
Value
NH
ΝΙΚΚΕΙ
MOODY'S
MORNINGSTAR
LSEG
S&P Global
News Corp
News Corp
The Blackstone Group
KRKASH HOLDINGS INC
$250
$1,220
$31,455
$251
$669
$26,592
$43,831
$1,150
$295
EBITDA
$15
$42
$1,916
$10
$34
$1,635
$1,570
$65
N/A
Announced
Date
08/13
07/15
01/18
Source: FactSet Research Systems, S&P Capital IQ, Bloomberg and Company Press Releases
Note: Analysis prepared by 3rd-party investment bank
IRENIC
08/18
05/19
08/19
11/20
08/21
12/21
21.2x
PAGE 44View entire presentation