Ziff Davis Sells eWeek, CIO and Baseline Magazines to Private Equity Firm
Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
Ziff Davis Media Inc., the New York-based publisher of technology and video game titles, announced yesterday a definitive agreement to sell the assets of its Enterprise Group to an affiliate of Insight Venture Partners, a private equity firm also headquartered in New York that specializes in software and Internet investments. According to Ziff Davis, the assets were sold for approximately $150 million in cash, subject to a number of potential adjustments including the 2007 performance of the Enterprise Group.
The Enterprise Group produces online content, lead-generation services, events and publications serving the tech industry, including eWeek, CIO and Baseline magazines, a number of online properties, digital and face-to-face events, and a database of 3.5
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in