The Firm is representing Blackstone in connection with 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®.
The Simpson Thacher team includes Anthony Vernace, 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).