NLSN - Nielsen gains on report that Brookfield is part of group bidding for company

Nielsen Holdings (NYSE:NLSN) ticked higher on a report that Brookfield Asset Management (NYSE:BAM) is part of a consortium in talks to acquire the TV/Internet ratings company. Brookfield is working with private equity firm Elliott Management on a possible leverage buyout, according to traders, who cited a Bloomberg report. The latest news comes after the WSJ reported Monday that Elliott was in discussions for a Nielsen purchase that could be valued at about $15 billion including debt. The consortium is making progress on financing talks with a number of banks, meaning a deal could be wrapped up within weeks, according to the report. Also see, WindAcre reports 9.61% stake in Nielsen, says stock is "deeply undervalued".

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Nielsen gains on report that Brookfield is part of group bidding for company