Netherlands-based publishing giant VNU has acquired the European publishing business of Ziff Davis. It has been common knowledge for some time that Ziff was eager to unload its European portfolio and the price paid was not disclosed.
Some of Ziff’s ten titles conflict with existing VNU publications and a number of mergers or closures are expected. In the UK, Ziff’s stable includes IT Week, PC Magazine, PC Direct and PC Gaming World; in Germany, PC Professionell, PC Direkt and Internet Professionell; while French titles include PC Expert, PC Direct and Yahoo! Internet Life.
Ziff Davis Europe has annual sales of £50.9m and employs 350 staff.
News Source: CampaignLive (UK)