China Oceanwide Holdings Group Co., Ltd (“China Oceanwide”) announced the close of the acquisition of International Data Group, Inc. (“IDG”) on March 29. Upon closing, China Oceanwide became the controlling shareholder, with 90% ownership share, of IDG’s operating businesses, including International Data Corporation (“IDC”) and IDG Communications (“IDGC”), with the remaining 10% held by IDG Capital, and a minority shareholder in IDG’s venture business, IDG Ventures. The transactions had previously received clearance from the Committee on Foreign Investment in the United States (“CFIUS”).

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