Ascendent Digital Acquisition Corp. (ACND) to Combine with Beacon Street in $3Bn Deal

Ascendent Digital Acquisition Corp. (ACND) to Combine with Beacon Street in $3Bn Deal

Ascendent Digital (NYSE:ACND) has entered into a definitive agreement to combine with financial analysis provider Beacon Street Group at an enterprise value of $3 billion, or 6.2x its 2021E revenue. Beacon Street operates a portfolio of financial publications and digital information services to both free and paying subscribers. Transaction Overview Ascendent brings about $414 million
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