The media group could be sold for between $500m and $1bn to a Chinese consortium headed by the founder of its Chinese venture capital affiliate.
US-based IT media company International Data Group (IDG) has entered advanced talks to be acquired by a consortium headed by Hugo Shong, who founded its Chinese VC affiliate IDG Capital Partners, Reuters reported on Tuesday.
Founded in 1954, privately held IDG heads up a media business that includes PC World, Macworld and Computerworld, and which encompasses events and, through its International Data Corporation subsidiary, market research.
The firm hired Goldman Sachs at the start of 2016 to explore strategic options…
