FiscalNote Reports Divestiture Of Its Board.org Business To Executive Platforms For Total Consideration Of Up To $103M
Portfolio Pulse from Benzinga Newsdesk
FiscalNote has announced the divestiture of its Board.org business to Executive Platforms for a total consideration of up to $103M. Board.org accounts for about 10% of FiscalNote's FY 2023 GAAP revenue.
March 12, 2024 | 11:01 am
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POSITIVE IMPACT
FiscalNote's divestiture of Board.org to Executive Platforms for up to $103M, which is significant as it represents about 10% of FiscalNote's FY 2023 GAAP revenue.
The divestiture of a business segment that accounts for a significant portion of FiscalNote's revenue could be seen positively if the proceeds are used effectively for growth or debt reduction. However, the impact also depends on investor perception of the divestiture's strategic rationale.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100