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Clarivate to Acquire ProQuest for $5.3 Billion

·1 min read

Information technology company Clarivate Analytics said Monday it agreed to acquire the analytics company ProQuest from Cambridge Information Group for $5.3 billion. The transaction, consisting of $4 billion in cash and $1.3 billion in equity, is expected to close during the third quarter. Clarivate said the transaction will add more than $875 million in revenue to its balance sheet.