Ziff Davis completes $1.2B sale of Connectivity division to Accenture; pro forma financials show net losses

ZIFF DAVIS, INC.

Sold Connectivity division to Accenture Inc. for $1.2 billion cash, closed June 17, 2026.
Estimated net cash proceeds of $1.157B after purchase price adjustments, costs, and $37M escrow.
Pro forma cash and equivalents $1.677B as of March 31, 2026 vs $519.7M historical.
Pro forma continuing ops net loss: $(0.78)M for Q1 2026; $(9.8)M for FY2025; $(1.8)M for FY2024.
Connectivity assets/liabilities classified as held for sale; results shown as discontinued operations.

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