Morningstar (MORN) Enters Agreement to Acquire Research, Tech Provider PitchBook Data
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Morningstar to Acquire PitchBook Data; Agreement Will Combine Leading Providers of Public and Private Company Research
October 14, 2016 8:46 AM EDTCHICAGO, Oct. 14, 2016 /PRNewswire/ --Â Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced that it has entered into a definitive agreement to acquire PitchBook Data, Inc. PitchBook, founded in 2007, delivers data, research, and technology covering the breadth of the private capital markets, including venture capital, private equity, and mergers and acquisitions (M&A). PitchBook will maintain its brand and identity and will continue to be led by founder and chief executive officer John Gabbert.
Morningstar was an early investor in PitchBook and currently owns approximately 20 percent... More
