Ziff-Davis Inc. will sell its ZD Market Intelligence unit to San Antonio, TX-based Harte-Hanks, Inc. for $101 million in cash plus $5 million in assumed deferred revenue obligations, a total consideration of $106 million. ZDMI is expected to generate 1999 revenue of approximately $50 million.
The transaction is expected to close in mid-October.
ZDMI, formerly known as Computer Intelligence, provides information and buying plans on technology and communications infrastructure.
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