FiscalNote, News Corp close Oxford Analytica and Dragonfly transaction

FiscalNote (NOTE) announced it has closed the divestiture of two of its global intelligence businesses, Oxford Analytica and Dragonfly, to Dow Jones, a global news and information provider and division of News Corp (NWS), for total consideration of $40M. Following customary post-closing adjustments, net proceeds of approximately $27.1M will be used to further reduce the company’s senior term debt by 30.6%, resulting in a net post-closing balance of approximately $61.5M. Over the last twelve months, the company has reduced its senior term balance by over 60%.