Accenture to Acquire Ziff Davis Connectivity Division for $1.2 Billion; Q2 Call Set
ACN is trading near its 52-week low of $188.73 (12% above the low).
Summary
Accenture announced it is acquiring Ziff Davis' Connectivity division, which includes brands like Ookla and Speedtest, for $1.2 billion. This division generated $231 million in revenue last year. This news provides the specific financial terms and broader scope of the acquisition, following an earlier announcement today regarding Accenture's intent to acquire Ookla. Additionally, the company has scheduled its Q2 fiscal 2026 earnings call for March 19, 2026. The $1.2 billion acquisition represents a material strategic investment for Accenture, expanding its capabilities in network intelligence and connectivity insights. Traders will be monitoring the integration of the acquired division and the upcoming Q2 financial results and guidance.
At the time of this announcement, ACN was trading at $210.86 on NYSE in the Technology sector, with a market capitalization of approximately $129.7B. The 52-week trading range was $188.73 to $351.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.