M&A
confidence high
sentiment neutral
materiality 0.80
Ziff Davis sells Connectivity division to Accenture for $1.2B cash
ZIFF DAVIS, INC.
- Purchase price of $1.2B in cash, subject to customary adjustments; closing expected in coming months.
- Division includes Ookla, Speedtest, Ekahau, RootMetrics, and Downdetector brands.
- Transaction approved by Ziff Davis Board; subject to HSR and other regulatory approvals.
- Ziff Davis and Accenture will enter into Transition Services Agreement at closing.