Telenor Divests Tapad to Experian for $280 Million
November 19 2020 - 11:49AM
Dow Jones News
By Adriano Marchese
Norwegian telecom provider Telenor ASA said Thursday that it has
agreed to divest its identity data provider to Experian Holdings,
Inc. for $280 million.
Telenor said the pretax gain expected for the divestiture of
Tapad to Experian, a FTSE 100 credit-reporting agency, will amount
to $230 million, which will be recognized in the fourth
quarter.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 19, 2020 11:34 ET (16:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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