Parent of PCWorld, Macworld Might Be Sold

For more than $1 billion.

International Data Group (IDG) might be sold to a Chinese investor group led by IDG of Greater China’s chairman Hugo Shong. The price tag, according to Reuters, is likely more than $1 billion.

IDG was founded in 1964 by Pat McGovernis, who died in 2014. The company publishes many media brands, including PCWorld, Macworld, GamePro and more.

While the talks are rumored to be in the final stages, no deal has officially been made.