NEW
YORK, Feb. 24, 2025 /PRNewswire/ -- Dow
Jones today announced it has agreed to acquire Dragonfly
Intelligence, a geopolitical and security intelligence
provider, and Oxford Analytica, a provider of
geopolitical intelligence advisory services from FiscalNote
Holdings, Inc. (NYSE: NOTE), for $40
million. The acquisition is expected to close in the first
quarter of 2025 and is subject to regulatory approval in
Austria and customary closing
conditions. Dow Jones's parent company, News Corp, expects to
receive a $4 million tax benefit in
connection with the transaction.
This is the latest in a series of strategic acquisitions and
investments aimed at bolstering Dow Jones's portfolio of
specialized news, data, analysis and events for business
professionals. Dragonfly and Oxford Analytica will operate as part
of Dow Jones Risk & Compliance, complementing its
existing product suite with proprietary geopolitical risk and
security intelligence, which has seen increasing demand due to
heightened international tensions and trade complexity.
With offices in London and
Singapore, Dragonfly provides
geopolitical and security intelligence to crisis management,
security and risk professionals, helping decision-makers at
multinational companies, financial institutions and public sector
entities solve complex business and operational challenges. The
company delivers real-time intelligence on potential and ongoing
security risks, including early warning detection and forecasting
to anticipate threats, risk rating systems around potential major
disruptions, and personalized access to key analysts.
Founded in 1975 and based in the UK, Oxford Analytica is a
leading provider of macroeconomic and geopolitical risk analysis,
helping businesses navigate complex markets and stay ahead of the
geopolitical and macroeconomic developments impacting their
organizations. Drawing on a worldwide network of experts, the
company delivers trusted global insights and seasoned judgments on
global issues, and advises clients on strategies, operations,
policies and investments.
"The world is experiencing rapid change, evolving at a pace
unlike anything witnessed in our lifetime--from technological
advancements and shifting geopolitics to changes in the global
economy. As a result, more companies and professionals are turning
to us for the facts and analysis they need to navigate an
increasingly complex landscape," said Almar Latour, CEO of Dow Jones and Publisher
of The Wall Street Journal. "The additions of Dragonfly and
Oxford Analytica to our business will allow us to further
support our customers in assessing geopolitical risks, building on
the news, data, analysis and convening power we
already provide through our Dow Jones Risk & Compliance service
and our daily news coverage."
This acquisition comes at a time of continued growth and
expansion for Dow Jones Risk & Compliance. In its fiscal year
2024 earnings, revenue for the business grew 16% year over year to
nearly $300 million, driven by
continued growth from its data products and services. Additionally,
Dow Jones recently acquired WorldECR, a provider of news, data and
analysis on global export control and trade sanctions, and
announced an expansion in its ownership stake in Ripjar, a global
data intelligence software provider.
These investments underscore the importance of the risk and
compliance business to Dow Jones, as well as the company's
commitment to becoming a vital information service provider for the
growing risk and compliance community. Baker & Hostetler
LLP is serving as legal counsel to Dow Jones on this
transaction.
About Dow Jones
Dow Jones is a global provider of news
and business information, delivering content to consumers and
organizations around the world across multiple formats, including
print, digital, mobile and live events. Dow Jones has produced
unrivaled quality content for more than 130 years and today has one
of the world's largest news-gathering operations globally. It is
home to leading publications and products including the flagship
Wall Street Journal, America's largest newspaper by paid
circulation; Barron's, MarketWatch, Mansion Global, Financial News,
Investor's Business Daily, Factiva, Dow Jones Risk &
Compliance, Dow Jones Newswires, OPIS and Chemical Market
Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA;
ASX: NWS, NWSLV).
About Fiscal Note
FiscalNote (NYSE: NOTE) is the
leading SaaS provider of policy and regulatory intelligence. By
uniquely combining proprietary AI technology, comprehensive data,
and decades of trusted analysis, FiscalNote helps customers manage
political and business risk. Since 2013, FiscalNote has pioneered
solutions that deliver critical insights, enabling efficient
decision making and giving organizations the competitive
edge they need. Home to CQ, Roll Call, VoterVoice, and many
other industry-leading brands, FiscalNote serves thousands of
customers worldwide with global offices in North America, Europe, Asia,
and Australia. To learn more
about FiscalNote and its family of brands, visit FiscalNote.com and
follow @FiscalNote.
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SOURCE Dow Jones & Company, Inc.
