US-based publishing and investment firm International Data Group, Inc. (IDG) will be acquired by a pair of Chinese investors, China Oceanwide Holdings Group Co., Ltd. and IDG Capital, the companies announced today (Thursday). The official announcement comes after months of speculation with Reuters reporting in November that the parties were in “advanced discussions.” Tech analyst outfit International Data Corporation (IDC), a wholly-owned IDG subsidiary, is included in the deal but will go forth without the HPC group, which will find a new corporate home before the sale goes through (details below). The terms of the acquisition were not disclosed, but sources have estimated the sales price to be between $500 million to $1 billion. The stakeholders say they have received clearance from the Committee on Foreign Investment in the United States (“CFIUS”) for the transaction, which is expected to close within the first quarter of 2017. Learn more at http://www.enterprisetech.com/2017/01/19/idg-bought-chinese-investors-idc-spin-hpc-group/