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Investing.comInvesting.com··Jeffrey Neal Johnson

Ziff Davis Unlocks $1.2B in Value with Accenture Connectivity Sale

Ziff Davis sells Connectivity division to Accenture for $1.2B, triggering 74% stock surge. Plans accelerated buybacks while focusing on IGN, CNET, RetailMeNot, and Everyday Health.
ACNZDdigital mediashareholder returns
BenzingaBenzinga··Nabaparna Bhattacharya

Ziff Davis Soars 73% on $1.2B Accenture Connectivity Sale

Ziff Davis stock surges 73% after agreeing to sell Connectivity division to Accenture for $1.2B in cash, with proceeds directed toward debt reduction and corporate purposes.
ACNZDshareholder valueM&A