Accenture acquires Ookla and Speedtest for $1.2 billion in all-cash deal with Ziff Davis. The transaction includes the Connectivity division brands Ookla, Speedtest, and Downdetector, marking a significant strategic move in the digital infrastructure space. Ziff Davis shares surged over 45 percent in premarket trading following the announcement. The company plans to use proceeds for general corporate purposes and capital allocation activities, consistent with existing debt agreements. The acquisition is expected to close within the coming months. This deal reflects Accenture's continued expansion into connectivity and network performance monitoring services, strengthening its portfolio in the digital transformation and cloud infrastructure sectors.
