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Ziff Davis to Sell Ookla and Downdetector to Accenture as Part of $1.2 Billion Deal
The $1.2 billion acquisition includes Ookla's Speedtest and other analytics tools to enhance network intelligence for telecoms and enterprises, with Ziff Davis using proceeds to reduce $872 million debt.
- On Mar 3, 2026, Ziff Davis agreed to sell its Connectivity division to Accenture plc for $1.2 billion in cash, a definitive agreement announced Tuesday that includes Ookla, Downdetector, RootMetrics, and Ekahau.
- Ziff Davis, Inc. said it will use proceeds to pay down $872 million of debt and for corporate purposes, deferring fiscal 2026 guidance amid the sale process after engaging outside advisors last month.
- Data show the Connectivity division produced $231 million in revenue last year, roughly 16% of sales, and includes Downdetector, RootMetrics, and about 430 employees at Ookla.
- Markets reacted immediately, sending Ziff Davis shares up 81%, adding $800 million to market value, while the company will report the unit as discontinued operations starting Q1 and has deferred fiscal 2026 guidance.
- Accenture's strong cash position of $9.649 billion supports its acquisitive strategy following recent Faculty and Verum Partners deals, while analysts note May 7, 2026 earnings as the next major catalyst.
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Ziff Davis Stock Explodes On $1.2 Billion Accenture Connectivity Deal - Accenture (NYSE:ACN), Ziff Davis (NASDAQ:ZD)
Ziff Davis, Inc. (NASDAQ:ZD) shares are up on Tuesday following the announcement of a definitive agreement to sell its Connectivity division to Accenture plc (NYSE:ACN) for $1.2 billion in cash. This significant move is adding pressure as broader markets are experiencing declines, with the Nasdaq down 2.46%. The sale of Ziff Davis’ Connectivity division, which generated $231 million in revenue in 2025, is expected to unlock substantial sharehold…
·New York, United States
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The division, which includes the brands Ookla, Speedtest, Ekahau, Downdetector, and RootMetrics, generated $231 million in revenue last year, Ziff Daves reported.
·Brazil
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Total News Sources31
Leaning Left3Leaning Right2Center8Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 23%
C 62%
15%
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