As reported by the FT The transaction values Reorg, which expects 2018 cash operating earnings of just under $20m, at between $375m to $400m. Having help seed Reorg Research in 2013 we've had a very privileged front row seat watching an extraordinary entrepreneur (Kent Collier) build an amazing information business from scratch, right here in New York City!
Reorg has sought to combine a technology company that uses machine learning to quickly scrape legal filings along with analysis and original reporting from journalists as well as former lawyers and bankers. It now publishes between 50 and 100 articles per day, and has nearly 500 subscribers, including hedge funds, law firms, and investment banks, who pay annual fees that can run into six digits.
https://www.ft.com/content/b47f47e2-65d4-11e8-90c2-9563a0613e56