It’s almost 3 and a half years since troubled technology publisher Ziff Davis first tried to sell itself. If you want to follow the whole saga, paidContent have published a useful Ziff Davis’ Sale: A History In Links.
Ziff Davis has now been acquired. The buyer is former Time Inc. executive Vivek Shah in partnership with Boston-based investment firm Great Hill Partners.
The announcement says that the acquisition represents the first step in building a new digital media company that specializes in producing and distributing content for consumers making important buying decisions.
The nine Ziff Davis properties being acquired are PCMag.com, ExtremeTech, GearLog, GoodCleanTech, DL.tv, AppScout, CrankyGeeks, Smart Device Central and TechSaver.com, which reach over 7 million users per month.
“This is an unusual opportunity to acquire a recognized category leader with a very deep team of talent that has already fully transitioned to digital,” said Shah, who begins today as CEO of the new Ziff Davis. “Ziff Davis is an incredible foundation off which to build an exciting new digital media company focused on delivering fantastic content to our audience and unprecedented opportunities to marketers.”
GCA Savvian Advisors acted as exclusive financial advisor to Ziff Davis on this transaction. Specific financial terms of the acquisition are not being disclosed.
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