 Announced today, Ziff Davis has sold its enterprise division, which includes Baseline, CIO Insight and eWeek, to Insight Venture Partners for about $150 million in cash. If certain performance conditions are met, then Willis Stein, Ziff’s private equity owner, will receive an extra $10 million in the sale, bumping up the sale price to about $160 million.
Earlier this week, The Minsider scooped the story with three posts about the buyer and the timing.
This transaction is expected to close in the third quarter.
For exclusive analysis on this long-awaited deal, see this coming week’s issue of min’s b2b.
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