IDG Sold to Chinese Investors for Under $1 Billion

International Data Group, Inc. (IDG) has found a buyer, one year after the digital media and events company started looking for new ownership.

China Oceanwide and IDG Capital announced yesterday a definitive agreement to acquire the entire IDG package. The Wall Street Journal reports that China Oceanwide will pay under $1 billion — less than a quarter of the $4 billion in revenues estimated by IDG insiders in early 2016

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