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Blackstone acquires media & data firm IDG for $1.3B

Blackstone acquires media & data firm IDG for $1.3B ​ By IANS | ​ 0 Views Blackstone acquires media & data firm IDG for $1.3B. Image Source: IANS News New Delhi, June 4 : Leading investment firm Blackstone has acquired media and data company International Data Group (IDG) for $1.3 billion. Private equity funds managed by Blackstone entered into a definitive agreement to acquire IDG from Oriental Rainbow, a subsidiary of China Oceanwide Holdings Group. Founded in 1964, IDG provides market ...
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Blackstone acquires tech publisher IDG for $1.3B, as private equity strikes again – TechCrunch

It’s been a busy week for private equity with Cloudera, Stack Overflow and FireEye coming off the board on Tuesday and Wednesday. Today Blackstone bought media and data company IDG for $1.3 billion. The company had been owned by Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. With IDG, Blackstone gets […]
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