MarketWise Confirms Monument & Cathedral Holdings Withdraws $17.25‑Per‑Share Acquisition Proposal

MKTW
February 19, 2026

MarketWise, Inc. confirmed that Monument & Cathedral Holdings, LLC and its affiliates have withdrawn the unsolicited, non‑binding proposal to acquire all outstanding shares of the company at $17.25 per share. The withdrawal followed a review by MarketWise’s Special Committee of the Board, which determined the offer price undervalued the company and cited minimal substantive engagement from the committee as a reason for the pullback.

The proposal, first disclosed on October 29, 2025, had been contingent on the termination of MarketWise’s tax receivable agreement. Although the offer was withdrawn, Monument & Cathedral Holdings indicated it may continue discussions regarding potential extraordinary transactions, leaving the door open for future negotiations.

MarketWise reiterated its commitment to a standalone strategy, emphasizing high‑margin subscription sales, operational efficiency, and shareholder returns through dividends and potential share repurchases. The company highlighted strong preliminary 2025 results, including a 42% year‑over‑year increase in fourth‑quarter billings, a full‑year cash flow from operating activities of $45 million that exceeded guidance, and a 13% cash dividend yield for FY 2025.

Financially, MarketWise maintains a gross margin of 87% and an operating margin of 22.92%, but revenue has declined 22.1% over the past three years and the net margin sits at 1.7%. The company’s focus on high‑margin subscription services and efficient cost management underpins its ability to generate robust cash flow and sustain dividend payouts.

Management’s reaffirmation of the standalone strategy signals confidence in the company’s core business model and its ability to grow subscription revenue without a strategic transaction. The withdrawal of the acquisition proposal, coupled with the company’s strong cash generation and high dividend yield, positions MarketWise to continue delivering value to shareholders while maintaining strategic flexibility for future opportunities.

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