Downdetector and Speedtest have been sold for over $1 billion

Source: Engadget

Deal Overview

On Tuesday, Ziff Davis announced that it sold its Connectivity division— which includes Ookla’s Speedtest and Downdetector—to Accenture for $1.2 billion in cash. The deal is expected to close within a few months, after which Accenture will take over the services. In the interim, Ziff Davis will continue to operate Speedtest and Downdetector.

Background

• Ziff Davis acquired Ookla in 2014 for $15 million.
• The Connectivity division capitalized on the 5G rollout and pandemic‑driven bandwidth demand, generating $231 million in 2025.
• The sale allows Ziff Davis to refocus on its core brands such as IGN, Mashable, and Everyday Health. Recent restructuring at Ziff Davis included layoffs at Eurogamer and a reduction of VG247 to a two‑person gaming‑guides site.

Accenture’s Plans

Accenture, a global technology consulting firm headquartered in Dublin, views the acquisition as a key step toward building “end‑to‑end network intelligence services essential for AI‑based transformation.”

Source

This article originally appeared on Engadget: