Former Time executive Vivek Shah has acquired technology publisher Ziff Davis in partnership with Boston financing firm Great Hill Partners.
Shah will become chief executive at the media company in a deal which includes nine Ziff Davis properties, including PCMag.com, ExtremeTech and AppScout, drawing a combined 7 million monthly unique users.
He told the Times in an interview that the acquisition was the start of a new digital media company.
The publisher, which has about 100 employees, emerged out of bankruptcy in 2009, after a year. The current chief executive, Jason Young, would be leaving after a period of transition.
During more than 14 years at Time, which he left in 2009, Shah helped to run CNNMoney.com, Time.com and SI.com. Prior to this, he served as the president of Fortune and Money magazines.
The financial details of the transaction were not disclosed.