Parent of PCWorld Is Sold

IDG has a new owner.

International Data Group (IDG), the parent group of PCWorld and Macworld, has been sold to China Oceanwide Holdings Group Company and IDG Capital.

Once the deal closes, Oceanwide will control IDG’s operating businesses and IDG Capital will control IDG’s venture business.

IDG will continue to be headquartered in Boston. While a new board will be named following the close of the deal, Kirk Campbell will continue as president and CEO of IDG and Michael Friedenberg will continue as CEO of IDG Communications.