Ziff Davis, which owns technology-review websites and electronic publications including PCMag.com, Gearlog and TechSaver.com, has agreed to be sold to a Boston-based private equity firm and a former Time Warner executive, writes Shira Ovide of The Wall Street Journal.
“Ziff Davis won’t have any debt, as would a leveraged buyout, a financial arrangement the new owners feel gives the company the best chance to succeed.
“‘It’s not an LBO deal, it’s not based on cost cutting. This is a build,’ said Chris Gaffney, managing partner at Great Hill Partners. He said the new owners already are looking at other investments to add to Ziff Davis, which Mr. Gaffney said turns a ‘small operating profit.'”
Read more here.
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…