FiscalNote to divest Oxford Analytica, Dragonfly to Dow Jones for $40M

FiscalNote (NOTE) announced it has entered into a definitive agreement to divest two portfolio companies within its global intelligence business, Oxford Analytica and Dragonfly, to Dow Jones, a news and information provider and division of News Corp. (NWSA), for total consideration of $40M. The transaction is expected to close in Q1, subject to receipt of antitrust clearance in Austria and other customary closing conditions. The transaction is not subject to any financing condition. Oxford Analytica, acquired by FiscalNote in February 2021, produces geopolitical analysis and provides advisory services to help customers understand and respond to political, economic, and societal risks. Dragonfly, acquired by FiscalNote in January 2023, provides forward-looking global security intelligence and data that customers utilize to keep operations, personnel, and assets safe. The Oxford Analytica and Dragonfly businesses have offered their products independently of FiscalNote’s core products. Oxford Analytica and Dragonfly are each primarily based in the United Kingdom.