Ziff Davis & Xyla Partner To Drive Innovation Using Artificial Intelligence; Initial Focus In Healthcare Vertical; Ziff Davis Is Purchasing $25M Of Xyla Equity For A Minority Ownership Stake In The Company
Portfolio Pulse from Happy Mohamed
Ziff Davis, Inc. (NASDAQ:ZD) and Xyla, Inc. have entered into a strategic partnership focused on AI enablement across digital media, software, and information services. The first initiative will be to integrate Xyla's OpenEvidence technology into Ziff Davis' Everyday Health Group. Ziff Davis is purchasing $25 million of Xyla equity for a minority ownership stake in the company. The partnership will allow Xyla to gain access to large audiences and data sets across the Ziff Davis portfolio, while Ziff Davis will gain access to Xyla's AI technology.
August 04, 2023 | 11:09 am
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Ziff Davis is entering a strategic partnership with Xyla, Inc. and purchasing $25 million of Xyla equity. This partnership will allow Ziff Davis to gain access to Xyla's AI technology and expertise.
The partnership with Xyla, a leading AI company, will provide Ziff Davis with access to advanced AI technology and expertise. This could potentially enhance their product offerings and drive innovation across their portfolio. The $25 million equity purchase also indicates a significant investment and commitment to this partnership. This news is likely to be viewed positively by investors, potentially leading to an increase in Ziff Davis' stock price in the short term.
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