Blackstone buying MacWorld, ComputerWorld publisher IDG for $1.3 billion

CIO, and
Tech Hive. IDG's media arm used to be a powerhouse in the '90s, but has since faded because of continuing pressure on the publishing industry.
"The high-quality data, analytics, and insights IDG delivers to technology leaders are only becoming more critical as the pace of growth and innovation accelerates. IDG has a trusted brand and deep knowledge of tech suppliers and buyers, and our investment will help the company accelerate its plans for creating even more advanced product offerings across its business," said Peter Wallace, Blackstone's head of Core Private Equity.
IDG has made its own acquisitions in recent years, including the purchase of marketing data platform Triblio and IT pricing service Metri.

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