News to acquire Investor's Business Daily from O'Neil Capital.

News,a global diversified media and information services company, agreed to acquire Investor's Business Daily, a provider of proprietary stock screens, comparative performance ratings, and unique commentary, from O'Neil Capital, a private fund management company. Financial terms were not disclosed. "The decision to divest IBD was a difficult one. I believe IBD's analytic and research capabilities are best-in-class for the retail investor. IBD has a healthy profit margin and a growing subscriber base, the result of entrepreneurial strategies it deployed to capitalize on the shifting landscape of the investment, media, and fintech marketplaces. In adding IBD's unique technical and analytical capabilities to News Corp's already formidable portfolio of media properties, we believe this transaction will greatly benefit both companies," Scott O'Neil, O'Neil Capital CEO.