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Wednesday, February 4, 2015

Singapore's GIC buys 5 percent stake in TV ratings firm Nielsen, (NYSE: NLSN)

Singapore sovereign wealth fund GIC has bought a 5 percent stake in Nielsen NV , a leading provider of TV audience ratings data, for an undisclosed amount, according to a regulatory filing. GIC Private Ltd disclosed its holding of common stock in Nielsen, which has a market value of $16.7 billion, in a U.S. Securities and Exchange Commission filing dated Feb 4.

Nielsen N.V. (Nielsen), formerly Nielsen Holdings N. Shares of NLSN fell by 0.91% or $-0.4/share to $43.75. In the past year, the shares have traded as low as $40.56 and as high as $49.61. On average, 3203850 shares of NLSN exchange hands on a given day and today's volume is recorded at 3014500.