Ziff-Davis angles for stock play

Callahan, Sean
July 1999
Advertising Age;7/19/1999, Vol. 70 Issue 30, p26
Trade Publication
The article reports on the sale of tech media company Ziff-Davis in July 1999. The company said it retained Morgan Stanley Dean Witter & Co. to explore strategic alternatives to maximize shareholder value. Ziff-Davis hopes to provide similar results for one shareholder in particular: Tokyo, Japan-based Softbank. Mandana Hormozi, a publishing analyst with Lazard Freres & Co., said Ziff-Davis could be worth as much as $30 per share. Ziff-Davis was trading at about half that figure just before its announcement. Mentioned among the potential suitors are a handful of the usual suspects, including International Data Group, VNU, Penton Media, Advanstar Communications and Miller Freeman.


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