Transaction will unlock significant Ziff Davis shareholder value while securing a world-class owner who will continue to pursue the Connectivity business' global opportunities

Ziff Davis, Inc. (NASDAQ:ZD) ("Ziff Davis" or "the Company") announced that it has entered into a definitive agreement to sell its Connectivity division ("Connectivity") to Accenture for $1.2 billion in cash.

Ziff Davis' Connectivity brands are globally recognized in fixed broadband, mobile, and Wi-Fi network design, intelligence, insights, testing, and incident detection. These brands, including Ookla, Speedtest, Ekahau, Downdetector, and RootMetrics, empower organizations to optimize networks, elevate digital experiences, and ensure faster, more reliable connectivity.

The sale price is subject to certain closing adjustments and the proceeds will be subject to applicable taxes. The transaction is currently expected to close in the coming months, subject to the satisfaction of certain closing conditions and receipt of required regulatory approvals. Evercore Group L.L.C. and Citi served as Ziff Davis' financial advisors, and Kirkland & Ellis LLP acted as legal counsel to the Company for this transaction.

Ziff Davis plans to utilize the proceeds of the transaction for general corporate purposes and to fund its robust capital allocation activities in accordance with the terms of the Company's outstanding debt securities.

Ziff Davis will continue to own and operate the Connectivity division until the transaction is completed.

Connectivity generated $231 million in revenues in 2025, approximately 16% of total Ziff Davis revenues. The Company anticipates that the division's financial results will be classified as discontinued operations within the Company's consolidated financial statements for both current and prior periods beginning with the first quarter of fiscal year 2026.