Connectivity business (Ziff Davis) Acquisition | Technology Deal in NY

Ziff Davis, Inc. has entered into a definitive agreement to sell its Connectivity business, a technology other business in New York, for about $267.6 million. The Connectivity business supports technology deals NY customers through connectivity-focused products and services, and it is being classified as discontinued operations for reporting purposes. Ziff Davis is pursuing technology M&A value creation by divesting the Connectivity business while continuing to operate it in the ordinary course until closing in New York. The divestiture acquisition is expected to be completed after customary closing conditions, with total consideration figures reported across multiple components including $272.8 million and other specified amounts.