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Get filing alertsZiff Davis completes $1.2B sale of Connectivity division to Accenture
Filed June 17, 2026 · Period ending June 15, 2026 · ~1 min read
Key Changes
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Ziff Davis closed the sale of its Connectivity division to Accenture for $1.2 billion in cash on June 17, 2026, completing a transaction announced in March 2026.
Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR → -
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The company secured lender consent under its April 2021 credit agreement on June 15, 2026, removing a contractual obstacle to completing the $1.2B Connectivity sale.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Before closing, Ziff Davis designated the sold subsidiaries as unrestricted under its 2030 senior notes indenture, removing them from debt covenant restrictions and guarantor obligations.
Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →
Summary
Ziff Davis completed the sale of its Connectivity division to Accenture for $1.2 billion in cash on June 17, 2026, three months after announcing the transaction. The sale represents a significant portfolio reshaping for the digital media and internet company, converting a business unit into cash that could be deployed for debt reduction, acquisitions, or shareholder returns. The company secured necessary lender consent two days before closing and restructured the sold subsidiaries under its debt agreements to facilitate a clean transfer to Accenture.
For shareholders, the immediate question is capital allocation: how management will deploy the $1.2 billion proceeds. Watch for guidance in the next earnings call or a subsequent 8-K announcing debt paydown, dividend increases, or new M&A activity. The transaction appears to have closed smoothly with standard structural steps and no disclosed complications.
Section-by-Section Diff
Event · Item 2.01 — Completion of Acquisition or Disposition of Assets
Item 2.01 — Completion of Acquisition or Disposition of Assets filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 17, 2026, the Company completed the sale of the Business to Purchaser (the “Closing”).
Ziff Davis closed the sale of an unspecified business unit (referred to as "the Business") to an unspecified purchaser on June 17, 2026. The transaction was previously announced in a March 4, 2026 8-K filing. The 8-K does not disclose the purchase price, the identity of the buyer, or which specific business unit was sold.
Added in current filing · verify on EDGAR →
In addition, shortly prior to the Closing, the Company designated certain of its subsidiaries that constitute the Business as unrestricted subsidiaries under the Indenture, dated as of October 7, 2020 by and among the Company, the guarantors party thereto, and Wilmington Trust, National Association, as trustee, relating to the Company’s 4.625% Senior Notes due 2030.
Before completing the sale, Ziff Davis designated the subsidiaries being sold as "unrestricted" under its 2030 senior notes indenture. This designation removes those subsidiaries from the covenant restrictions and guarantor obligations under the company's existing debt, a standard step to facilitate the sale and ensure the buyer receives the assets free of the seller's debt obligations.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 15, 2026, the Company entered into a consent (the “Consent Agreement”) to its existing credit agreement, dated April 7, 2021 (as amended, restated, supplemented or otherwise modified from time to time), by and among the Company, the other loan parties party thereto, the lenders from time to time party thereto (the “Lenders”) and U.S. Bank National Association, as administrative agent and collateral agent for the Lenders. The Consent Agreement provides for, among other things, consent for the Company to consummate its previously announced sale of the Business pursuant to the Purchase Agreement.
Ziff Davis secured formal consent from its lenders under its April 2021 credit agreement to complete the sale of its Connectivity division to Accenture for $1.2 billion in cash. This consent was necessary to proceed with the transaction previously announced on March 2, 2026. The consent removes a potential contractual obstacle to closing the sale.
Added in current filing · verify on EDGAR →
on March 2, 2026, Ziff Davis, Inc., a Delaware corporation (the “Company”), Ziff Davis, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company, and Accenture Inc., a Delaware corporation (“Purchaser”), entered into a Securities Purchase Agreement (the “Purchase Agreement”), pursuant to which the Company agreed to sell its Connectivity division (the “Business”) to Purchaser for an aggregate purchase price of $1.2 billion in cash (the “Transaction”), subject to certain customary adjustments set forth in the Purchase Agreement.
The filing recaps the previously announced March 2, 2026 agreement to sell the Connectivity division to Accenture for $1.2 billion cash, subject to customary purchase price adjustments. This context frames the lender consent as a step toward closing the transaction.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 18, 2026 · How we verify