Ziff Davis Acquired By Former Time Digital Exec Vivek Shah And Great Hill Partners
June 04, 2010 at 14:50 PM EDT
Ziff Davis has been in some deep financial trouble over the past few years but today, this may come to an end. The technology publisher has been acquired by former Time Inc. executive Vivek Shah in partnership with Boston-based private equity firm Great Hill Partners. Terms of the deal were not disclosed. Ziff Davis operates nine properties including PCMag.com, ExtremeTech, GearLog, GoodCleanTech, DL.tv, AppScout, CrankyGeeks, Smart Device Central and TechSaver.com, which the company says reach over 7 million users per month. As a seasoned digital media exec, Shah might be able to breathe life back into the publisher. Shah has an impressive background in media, as helping create CNNMoney.com, overseeing Time.com and SI.com, and also serving as the president of Fortune and Money magazines.