Nielsen Holdings plc, which operates its Nielsen Audio division from Columbia Gateway Office Park, announced the completion of its previously announced sale to a private equity consortium composed of Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management; and Brookfield Business Partners, with institutional partners in an all-cash transaction valued at approximately $16 billion, including the assumption of debt.

Nielsen shareholders will receive $28 per Nielsen share in cash in accordance with the terms of the transaction. With the completion of the transaction, Nielsen’s shares will no longer trade on the New York Stock Exchange.

“Today’s announcement marks an important milestone for Nielsen. We are excited for a bright future as a private company,” said Nielsen CEO David Kenny. “This transaction provides significant value to our shareholders and provides the best conditions to execute on our Nielsen ONE strategy.”