Ziff Davis, Inc. (NasdaqGS:ZD) is looking for M&A. Bret Richter, Chief Financial Officer said, "The 3 areas that we allocate our investable capital are to the business, M&A and shareholder capital returns. So then that leaves M&A and shareholder returns primarily stock buybacks -- we've also -- if you look back over the last 2 years, bought back certain debt securities. We're prioritizing M&A. It's been challenging to close transactions in this environment.
That's a known dialogue within this group. But we supplement that with capital returns, particularly through our stock buybacks. And we've done that this year, we bought back almost 1.6 million shares.
So as we move forward, I don't think those dynamics change. The mix may change. It certainly our ambition to see more capital deployed through M&A. It's beyond an ambition, it's an expectation".
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. 
