Brookfield in talks to buy Nice’s Actimize for $2b - report
Canadian investment company Brookfield is in talks to buy Nice's financial risk management division Actimize for $2 billion, according to a Sky News report. The deal is not yet finalized and could break down. Nice, led by CEO Scott Russell, has a market cap of $6.9 billion.
Canadian investment company Brookfield is in talks to buy Actimize from Nice for $2 billion, according to a Sky News report. The financial infrastructure arm of Brookfield is conducting the talks, but sources warned the deal has yet to be finalized and could break down. Nice, led by CEO Scott Russell, provides customer relationship management and risk management solutions and is traded on Nasdaq and the Tel Aviv Stock Exchange with a market cap of $6.9 billion. Nice's stock has risen by a low single-digit percentage since the beginning of the year. In recent months, there have been frequent reports that the company is seeking to sell its financial risk management division based on Actimize, which Nice acquired in 2007. Recent reports mentioned non-binding offers in the range of $2.5 billion, a valuation higher than the one currently being discussed with Brookfield. Following the Sky report, Nice shares have been gaining in pre-market trading on Nasdaq and on the TASE. Brookfield manages over $1 trillion in assets in more than 50 countries and is dual listed on the NYSE and Toronto Stock Exchange with a market cap of $73.5 billion.