Accenture plc (NYSE:ACN) entered into a definitive agreement to acquire Ookla, LLC from Ziff Davis, Inc. (NasdaqGS:ZD) for $1.2 billion on March 2, 2026. Ziff Davis will continue to own and operate the Connectivity division until the transaction is completed.
For the period ending December 31, 2025, Ookla, LLC reported total revenue of $231 million.
The acquisition is subject to customary closing conditions, including the receipt of required regulatory approvals. The transaction is expected to close in the coming months. Ziff Davis plans to utilize the proceeds of the transaction for general corporate purposes and to fund its robust capital allocation activities in accordance with the terms of the Ziff Davis' outstanding debt securities.
Citigroup Inc. acted as financial advisor for Ziff Davis, Inc. Evercore Inc. acted as financial advisor for Ziff Davis, Inc. Kirkland & Ellis LLP acted as legal advisor for Ziff Davis, Inc.
Ziff Davis, Inc. is a vertically focused digital media and Internet company. Its Technology & Shopping segment includes advertising on publishing platforms and commerce sites and publishing of specialized technology-based content and provision of authoritative content relating to products, services, shopping and savings. Its Gaming & Entertainment segment provides authoritative content relating to video games and entertainment Website. Health & Wellness segment includes a collection of interactive tools and mobile applications that are designed to enable consumers to manage a broad array of health and wellness needs on a daily basis. Connectivity segment includes several data and services businesses that sit at the center of the broadband economy and are sources of information on Internet connectivity and network performance. Cybersecurity & Martech segment offers cloud-based Software-as-a-Service offerings for various communication, customer marketing, and other needs of end-users.
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