LexisNexis Parent Company Reaches Deal To Buy Data Collection Company
ChoicePoint Inc., a 1997 spinoff of credit agency Equifax, is being acquired by the parent of
LexisNexis in a cash deal worth $3.6 billion, a major premium for a company that
weathered an embarrassing breach of its database, federal investigations and a
stock-trading probe of its top two executives.
The deal combines
ChoicePoint’s data and analytics assets with LexisNexis’ technology, a marriage
that will strengthen the combined entity’s ability to meet growing demand for
their services, especially in the insurance field.