Technology publisher Ziff Davis Media has been acquired by former Time Inc. executive Vivek Shah in partnership with Boston-based Great Hill Partners. According to The Wall Street Journal, Shah and his partners paid in the neighborhood of $150 million for the company. Ziff Davis, whose properties include PCMag.com and TechSaver.com, traces its history back to the 1920s, but recent years has fallen on hard times.
The company filed for chapter 11 bankruptcy in 2008 when advertising sales plummeted. The cited sale price is only a fraction of the total $2.1 billion that Ziff Davis went for in 1995.