DivestmentJun 17, 2026, 04:22 PM
Ziff Davis Sells Connectivity Division to Accenture for $1.2 Billion
AI Summary
Ziff Davis, Inc. has completed the sale of its Connectivity division to Accenture Inc. for an aggregate purchase price of $1.2 billion in cash. The transaction, initially announced on March 2, 2026, closed on June 17, 2026. A consent agreement was secured on June 15, 2026, from lenders to permit the sale under the company's existing credit agreement. The company will file pro forma financial information related to this divestment in a subsequent amendment.
Key Highlights
- Ziff Davis, Inc. completed the sale of its Connectivity division to Accenture Inc. for $1.2 billion.
- The transaction was initially announced on March 2, 2026, with the closing occurring on June 17, 2026.
- A consent agreement was entered into on June 15, 2026, to allow the sale under existing credit agreements.
- The sale involved equity interests in subsidiaries and specific assets related to the Connectivity division.
- The company will file pro forma financial information related to the divestment later.
Price Impact
More from ZD