Pankaj64. International Data Group
Headquarters: Framingham, MA
Bought By: Oceanwide Holdings, IDG Capital
Headquarters: Beijing
Media, events, and research company International Data Corp has focused on the technology industry since 1964 when it was founded by Patrick Joseph McGovern. The company owns several brands including PCWorld, InfoWorld, and ComputerWorld.
In 2017 a deal was made when Beijing’s Oceanwide Holdings bought the company for an unknown amount. “We see great possibilities ahead as China Oceanwide will invest in IDG’s business to drive growth across all three of IDG’s valuable assets – IDC, IDG Communications, and the IDG Ventures portfolios,” said IDG Chairman Walter Boyd. “We believe China Oceanwide will provide the right financial, strategic, and cultural resources to take IDG to greater heights.”