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Read more about Blackstone acquires media & data firm IDG for $1.3B on Business Standard. Leading investment firm Blackstone has acquired media and data company International Data Group (IDG) for $1.3 billion
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Blackstone-managed private equity funds have signed an agreement to buy IDG from Oriental Rainbow, a subsidiary of China Oceanwide Holdings.
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...