Blackstone’s $1.3 Billion Acquisition of International Data Group

Simpson Thacher represented Blackstone in the transaction.

Blackstone announced its proposed acquisition of International Data Group, Inc. (“IDG”) from Oriental Rainbow LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd., for an enterprise value of $1.3 billion. 

Founded in 1964, IDG provides market intelligence for the technology industry. IDG delivers proprietary insights and data for technology suppliers and buyers in the technology market. IDG’s media brands include CIO®, Computerworld®, CSO®, InfoWorld®, Macworld®, Network World®, PCWorld®, and Tech Hive®.

Blackstone is a leading global investment business investing capital on behalf of pension funds, large institutions and individuals. 

The Simpson Thacher team included Anthony Vernace (Picture), William Allen, Carina Kan, Jule Walsh and Aseda Ghartey-Tagoe (M&A); Jonathan Goldstein, Sophie Staples, Abigail Hopper and Scott Grundei (Tax); Gregory Grogan and Laura Gallo (Executive Compensation & Employee Benefits); Alden Millard, Brian Gluck and Ben Persina (Credit); Lori Lesser, Melanie Jolson and Kate Mirino (IP); and Krista McManus and Stephanie Brenner (Real Estate).

Involved fees earner: William Allen – Simpson Thacher & Bartlett; Stephanie Brenner – Simpson Thacher & Bartlett; Laura Gallo – Simpson Thacher & Bartlett; Essie Ghartey-Tagoe – Simpson Thacher & Bartlett; Brian Gluck – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Abigail Hopper – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Carina Kan – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; J. Alden Millard – Simpson Thacher & Bartlett; Kate Mirino – Simpson Thacher & Bartlett; Benjamin Persina – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Anthony Vernace – Simpson Thacher & Bartlett; Jule Walsh – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone;

Author: Martina Bellini