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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 […]
CIO, and Tech Hive. IDG's media arm used to be a powerhouse in the '90s, but has since faded because of continuing pressure on the publishing industry. "The high-quality data, analytics, and insights IDG delivers to technology leaders are only becoming more critical as the pace of growth and innovation accelerates. IDG has a trusted brand and deep knowledge of tech suppliers and buyers, and our investment will help the company accelerate its plans for creating even more advanced product offerings across its business," said Peter Wallace, Blackstone's head of Core Private Equity. IDG has made...
Blackstone buying MacWorld, ComputerWorld publisher IDG for $1.3 billion Credit: IDG Blackstone signaled plans to purchase IDG from Oriental Rainbow, a subsidiary of China Oceanwide Holdings Group, on Thursday. IDG is a market intelligence firm that also owns several technology publications. The deal means that Blackstone now owns analysis firm IDC, as well as tech publications like Macworld, CIO, and Tech Hive. IDG's media arm used to be a powerhouse in the '90s, but has since faded because of continuing pressure on the publishing industry. "The high-quality data, analytics, and insights ...