Ziff Davis to sell Ookla and Downdetector to Accenture as part of $1.2 billion deal
Ziff Davis has agreed to sell its Connectivity division, which houses Ookla’s Speedtest app and Downdetector outage tracker, to Accenture for $1.2 billion in cash.
The sale, which also includes Ekahau and RootMetrics, will allow Ziff Davis to focus on enthusiast websites like IGN and Mashable, as well as Everyday Health and iBuyNewCar.
Shares of Ziff Davis rose more than 60% in early trading, while Accenture was flat.
