Softbank to dismember Ziff Davis empire

It's Internet time for the jolly Japanese giant

The WSJ is reporting today that Softbank has decided to sell off bits and pieces of its vast publishing empire. The reason, according to the report, is because Softbank sees bigger opportunities investing in Web ventures rather than traditional businesses like paper magazines and events such as Comdex. According to the Wally, Softbank is likely to flog off bits and pieces of the Ziff Davis empire, but will leave Register rival ZDNET intact. ZDNET has a market cap of over $1.5 billion, while its biggest rival in the US, CNET, is a mightier financial force than that. In the UK, Ziff Davis publishes IT Week, PC Magazine and PC Direct. Just a week or so back, Dutch company VNU bought CMP's UK computer magazine portfolio. ®

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