Ziff Davis, the trouble tech media company, has begun hawking the two of its divisions to potential suitors, even as the status of its enterprise division remains unclear after media PE firm Quadrangle Group almost bought it last month, paidContent.org has learned. According to our sources, Lehman is actively soliciting interested buyers for the Consumer Small Business Group and Game Group, separately. The CSB group consists of PC Magazine, ExtremeTech and others….online/digital accounts for about 40 percent of its revenues. The Game group consists of Electronic Gaming Monthly and 1UP.com.
This comes as reports of Quadrangle close to buying the Enterprise division came early last month, but at this point it seems that deal has been stalled. It is unclear whether the deal has fallen through, or if Ziff has decided to go solo on that. Comments on our original post last month might give you a hint.
It has been tough going for the tech publisher, with the print books sucking blood out of the company. Lehman is pushing the digital assets of the two divisions, according to our sources.
More after the holidays.
Related: Ziff Davis’ Enterprise Group Landing With Quadrangle?