Dow Jones Acquires Dragonfly and Oxford Analytica from FiscalNote for $40 Million
- Dow Jones is acquiring Dragonfly Intelligence and Oxford Analytica from FiscalNote Holdings for $40 million to enhance geopolitical intelligence.
- The acquisition aims to improve risk assessment tools amid rising global tensions and complex trade scenarios.
- News Corp expects a $4 million tax benefit from the transaction, adding value to Dow Jones's intelligence services.
Dow Jones Expands Geopolitical Intelligence Portfolio with Strategic Acquisition
In a significant move to bolster its offerings in geopolitical intelligence, Dow Jones announces its agreement to acquire Dragonfly Intelligence and Oxford Analytica from FiscalNote Holdings, Inc. for $40 million. Expected to close in the first quarter of 2025, pending regulatory approval in Austria, this acquisition is part of Dow Jones's strategy to enhance its specialized news, data, and analysis services for business professionals. The deal reflects an increasing demand for comprehensive risk assessment tools amid rising global tensions and complex trade scenarios.
Dragonfly Intelligence, with operational bases in London and Singapore, specializes in delivering critical insights and risk management strategies to organizations facing geopolitical challenges. It provides real-time intelligence that assists crisis management professionals in navigating the complexities of international operations. Oxford Analytica, a longstanding entity in the field since 1975, offers macroeconomic and geopolitical analysis designed to help businesses understand and respond effectively to global events that may impact their operations and investments. Together, these firms are set to enrich Dow Jones Risk & Compliance’s capabilities, responding to an urgent need for factual analysis in today’s rapidly evolving geopolitical landscape.
Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal, highlights the necessity for businesses to access reliable intelligence to navigate the current, unpredictable geopolitical environment. The acquisition not only reflects a strategic growth initiative for Dow Jones Risk & Compliance but also underscores the escalating importance of geopolitical risk assessment for businesses across various sectors. As organizations increasingly prioritize informed decision-making in an era marked by heightened international tensions, Dow Jones positions itself as a leader in delivering essential insights that aid in effective risk management.
In addition to the acquisition, Dow Jones's parent company, News Corp, anticipates a $4 million tax benefit as a result of this transaction. This financial advantage further underscores the strategic rationale behind the acquisition, enhancing the overall value proposition for Dow Jones as it seeks to expand its influence within the market for specialized intelligence services. The integration of Dragonfly and Oxford Analytica into Dow Jones's existing framework signifies a pivotal step in addressing the growing complexities of the global business landscape.