Boston, MA & New York, NY: Blackstone, a leading investment firm, announced the company has entered into a definitive agreement to acquire International Data Group (IDG) from Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd., for US$1.3 billion.

IDG was founded in 1964, providing market intelligence for the technology industry. The company has delivered proprietary insights and data for technology suppliers and buyers in the technology market for the past 50+ years. The acquisition will allow the company to invest in additional opportunities for ongoing growth across its technology and product portfolio.