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Ziff Davis Divests Connectivity Division in $1.2B Deal
Ziff Davis has agreed to sell its Connectivity division to Accenture for $1.2 billion in cash, a move unanimously approved by its board. The deal, which includes various covenants, indemnification clauses, and termination rights, is expected to close in the coming months. This divestiture aims to reshape Ziff Davis’s portfolio and sharpen its strategic focus, while Accenture will expand its connectivity capabilities.