BakerHostetler represented Dow Jones in the agreed acquisition of Dragonfly Intelligence and Oxford Analytica from FiscalNote Holdings, Inc. (NYSE: NOTE) for $40 million. The carve-out transaction is expected to close in the first quarter of 2025 and is subject to regulatory approval in Austria and customary closing conditions. Dow Jones' parent company, News Corp., expects to receive a $4 million tax benefit in connection with the transaction.
Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats. Dow Jones has produced unrivaled quality content for more than 130 years and is home to leading publications and products, including the flagship Wall Street Journal, Barron's and MarketWatch.
Dragonfly Intelligence is a geopolitical and security intelligence provider. Oxford Analytica is a provider of geopolitical intelligence advisory services.
The BakerHostetler deal team was led by Steven H. Goldberg and Matthew D. Gases, partners in the firm’s Business Practice Group, and included partners Rob Morwood and Erica Svoboda and associate Tom Paquette.
More details can be found in Dow Jones’ press release.
