Ziff Davis, Inc. (NasdaqGS:ZD) acquired TDS Gift Cards from The Tornante Company, LLC and funds affiliated with Madison Dearborn Partners, LLC for approximately $48 million.
February 21, 2024
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Ziff Davis, Inc. (NasdaqGS:ZD) acquired TDS Gift Cards from The Tornante Company, LLC and funds affiliated with Madison Dearborn Partners, LLC on February 5, 2024. TDS Gift Cards was acquired in an all-cash transaction.
Ziff Davis, Inc. (NasdaqGS:ZD) completed the acquisition of TDS Gift Cards from The Tornante Company, LLC and funds affiliated with Madison Dearborn Partners, LLC for approximately $48 million on February 5, 2024. As reported, after adjustment for net working capital liabilities, Ziff Davis paid approximately $48 million in cash.
Ziff Davis Inc is a United States-based company. The Company operates as a vertically focused digital media and Internet company. Its portfolio includes brands in technology, shopping, gaming and entertainment, connectivity, health and wellness, cybersecurity, martech and among other. Its segments include digital media and cybersecurity and martech. Its Digital Media segment specializes in the technology, shopping, gaming and entertainment, connectivity, and healthcare markets, offering content, tools, and services to consumers and businesses. Its digital media business operates a portfolio of Web properties and applications.
Ziff Davis, Inc. (NasdaqGS: ZD) acquired TDS Gift Cards from The Tornante Company, LLC and funds affiliated with Madison Dearborn Partners, LLC for approximately $48 million.