Chicago—Printing giant R.R. Donnelley & Sons Co. has agreed to acquire Edgar Online, a provider of SEC filings and financial data. The deal, which is expected to close in the third quarter, is valued at $70.5 million, including an assumption of debt.
Edgar Online has provided eXtensible Business Reporting Language (XBRL) services to Donnelley's financial services unit since 2008. Donnelley said it considers providing XBRL services to public companies to be a growth market.
“This acquisition continues to expand the range of our digital offering and further enhances our ability to deliver integrated communications solutions,” said Thomas J. Quinlan III, R.R. Donnelley's president-CEO, in a statement.