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New Deal


Announced

Completed

Cox Enterprises completed the acquisition of a majority stake in OpenGov.

Financials

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Transaction Value£1,419m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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government technology software

Software

Domestic

Private

Single Bidder

United States

Acquisition

Majority

Completed

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Synopsis

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Cox Enterprises, a communication company, completed the acquisition of a majority stake in OpenGov, a government technology company, for $1.8bn. “We have been a long-time investor in OpenGov, and we are thrilled to deepen our commitment. This is an important time for our country in many ways. In 1920, when my great-grandfather was Governor of Ohio, he expressed the need for our people to have ‘an abiding confidence’ in their government. Now, all these years later, we are very excited to help OpenGov grow and build for the future. Powering more effective and accountable government is an inspiring mission, and OpenGov delivers a better experience for governments, residents and businesses alike,” Alex Taylor, Cox Enterprises Chairman and CEO.

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