Ziff Davis to Sell Connectivity Division to Accenture for $1.2 Billion

By Colin Kellaher

Ziff Davis has struck a deal to sell its connectivity division to Accenture for $1.2 billion in cash.

Ziff Davis on Tuesday said the division, which includes the Ookla, Speedtest, Ekahau, Downdetector and RootMetrics brands, generated $231 million in revenue last year, or roughly 16% of the New York digital media and internet company's total revenue.

The deal is slated to close in the coming months.

Ziff Davis said it plans to use proceeds from the sale for general corporate purposes and to fund its capital-allocation activities.

Accenture said the addition of Ookla and its related brands will help the Dublin-based IT consulting giant offer end-to-end network intelligence services essential for AI-based transformations.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

03-03-26 0741ET