FiscalNote Acquires CQ Roll Call
District regulatory intelligence startup FiscalNote is acquiring CQ Roll Call, reports Washington Business Journal, “in a bold move to capture the legacy media company’s customer base and assets.
“The combination would expand the company’s offerings and blend FiscalNote’s technology platform with the broader suite of services offered by CQ Roll Call, which tracks legislation and publishes a Capitol Hill newspaper. FiscalNote said it would uphold the company’s editorial independence.
“CQ Roll Call’s owner, The Economist Group, would take an 18 percent equity stake FiscalNote, making it the privately held D.C. company’s largest single shareholder.”
WBJ also reported that the deal, “expected to close by the end of the year, is just the latest example of a young upstart buying a traditional — and often larger — competitor in the same space. The combination will marry CQ Roll Call’s news, legislative tracking tools, vote databases and analysis with FiscalNote’s technology platform.”
More here.
