Chinese Investors Interested in Purchasing Framingham-Based Company For $1 Billion

FRAMINGHAM – Chinese investors are interested in purchasing Framingham-based International Data Group for a reported $1 billion.

International Data Group, a technology publishing company founded in Framingham in 1964, is considering selling itself for $1 billion to a Chinese investor group headed by IDG of Greater China chairman Hugo Shong.

There is no deal, but negotiations happening at the moment, according to news service Reuters.

IDG owns PCWorld and the market research firm IDC.

In January, IDG’s board of directors hired investment bank Goldman Sachs to explore strategic options for the company.

 

Framingham Source Editor Susan Petroni

Susan Petroni Framingham Source Editor Email: editor@FraminghamSource.com Phone: 508-315-7176

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