Norton Rose Fulbright advises Investor’s Business Daily in US$275M sale to News Corp

United States Business March 2021

Norton Rose Fulbright represented O’Neil Capital Management in its US$275 million sale of Investor’s Business Daily (IBD) to News Corp. Upon its sale, the digital-first financial news and research business will be operated by Dow Jones, a News Corp subsidiary.

Founded in 1984 by William J. O’Neil, IBD operates, offering investor tools, research and analysis products to nearly 100,000 digital subscribers.

O'Neil Capital Management is a private company and family office with investment interests in asset management, real estate, printing, digital media, brokerage, investment advisory and information technology services.

The Norton Rose Fulbright team was led by Daryl Lansdale (Austin / San Antonio) and Bryan Wittman (San Antonio). Additional legal support was provided by Sue Ross (New York) for intellectual property, David Hagen (Dallas) for M&A, Amanda Wait (Washington, DC) and Andy Eklund (Washington, DC) for antitrust, Michael Flamenbaum (New York) for tax and Alex Clark (Dallas) for tax.