Ziff Davis, Inc. (NasdaqGS:ZD) acquired TDS Gift Cards from The Tornante Company, LLC and funds affiliated with Madison Dearborn Partners, LLC for approximately $48 million.
February 21, 2024
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Ziff Davis, Inc. (NasdaqGS:ZD) acquired TDS Gift Cards from The Tornante Company, LLC and funds affiliated with Madison Dearborn Partners, LLC on February 5, 2024. TDS Gift Cards was acquired in an all-cash transaction.
Ziff Davis, Inc. (NasdaqGS:ZD) completed the acquisition of TDS Gift Cards from The Tornante Company, LLC and funds affiliated with Madison Dearborn Partners, LLC for approximately $48 million on February 5, 2024. As reported, after adjustment for net working capital liabilities, Ziff Davis paid approximately $48 million in cash.
Ziff Davis, Inc. is a vertically focused digital media and Internet company. Its portfolio includes brands in technology, shopping, gaming and entertainment, connectivity, health, cybersecurity, and Martech. Its segments include Digital Media and Cybersecurity and Martech. The Digital Media segment specializes in the technology, shopping, gaming and entertainment, connectivity, and healthcare markets, offering content, tools, and services to consumers and businesses. Its Digital Media business operates a portfolio of Web properties and apps, which includes IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers.com, Black Friday, Medpage Today, Everyday Health, BabyCenter, What to Expect and others. The Cybersecurity and Martech segment provide cloud-based subscription services to consumers and businesses, including cybersecurity, privacy, and marketing technology. It markets its Cybersecurity and Martech offerings to a spectrum of prospective business customers.
Ziff Davis, Inc. (NasdaqGS: ZD) acquired TDS Gift Cards from The Tornante Company, LLC and funds affiliated with Madison Dearborn Partners, LLC for approximately $48 million.
ZIFF DAVIS, INC. 
