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Ziff Davis Announces Definitive Agreement to Sell Connectivity Division to Accenture

ZD
  • Ziff Davis entered a definitive agreement to sell its Connectivity division to Accenture for $1.2 billion in cash.
  • The transaction includes globally recognized brands such as Ookla, Speedtest, Ekahau, Downdetector, & RootMetrics.
  • Connectivity generated $231 million in revenues in 2025, representing approximately 16% of Ziff Davis' total revenues.
  • The division's financial results will be classified as discontinued operations starting with the first quarter of fiscal year 2026.
  • Ziff Davis plans to use the proceeds for general corporate purposes & to fund capital allocation activities per its debt securities terms.
  • The deal is subject to closing adjustments, applicable taxes, regulatory approvals, & other closing conditions.
  • The transaction is expected to close in the coming months while Ziff Davis continues to operate the division until completion.
  • Evercore Group L.L.C. & Citi served as financial advisors, with Kirkland & Ellis LLP acting as legal counsel.
  • Ziff Davis will host a conference call on Tuesday, March 3, 2026, at 4:30 PM ET to discuss the transaction.