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Cision Acquires CNW And PR Newswire

CNWCision just announced that it has acquired PR Newswire from UBM plc as they aim to grow the company’s global market share. Here in Canada the brand PR Newswire might not immediately ring a bell, however its subsidiary CNW will definitely be known to readers of PR In Canada.
in a transaction to create a global leader of communications software and services. The transaction, which requires UBM plc shareholder and regulatory approvals, is expected to close late in the first quarter of 2016. While regulatory and shareholder approvals are sought it will be business as usual for both firms.
No financial details of the deal were disclosed.