The subsequent time you examine your web pace or whether or not your favourite web site is down, one other firm could also be profiting. On Tuesday, Ziff Davis introduced that it offered its Connectivity division, which incorporates Ookla’s Speedtest and Downdetector, to Accenture. The deal is value $1.2 billion in money.
In accordance with Reuters, the deal will enable Ziff Davis to deal with its core manufacturers, together with IGN, Mashable and On a regular basis Well being. Model consolidation seems to be the secret, as the corporate just lately laid off a few of Eurogamer’s most skilled editors and its whole video crew. That adopted a rotation of editorial employees amongst Ziff Davis’s different gaming publications, which decreased VG247 to a small, two-person gaming guides web site.
Ziff Davis purchased Ookla for $15 million in 2014. Reuters notes that the division seized on the 5G rollout and a surge in pandemic-driven bandwidth demand to spice up its spectacular return on the funding. (Connectivity generated a whopping $231 million in 2025.)
Accenture is a worldwide expertise consulting firm headquartered in Dublin. The corporate views the acquisition as a key step in constructing “end-to-end community intelligence companies important for AI-based transformation.” (Can somebody who speaks company translate, please?) The deal might take a number of months to be finalized, and Ziff Davis will proceed to function Speedtest and Downdetector within the meantime.
