Events Winter 2017 Issue 40

IDG Sale

From left to right: Elizabeth McGovern, Hugo Shong, Walter Boyd, Patrick McGovern III, Lore
Harp McGovern, Brett Liu and Robert Desimone. Photo: Justin Knight
From left to right: Elizabeth McGovern, Hugo Shong, Walter Boyd, Patrick McGovern III, Lore Harp McGovern, Brett Liu and Robert Desimone. Photo: Justin Knight

International Data Group Inc., founded by the late Patrick J. McGovern, announced on January 19 that it was being acquired by China Oceanwide Holdings Group and IDG Capital, the investment management firm run by IDG China executive and McGovern supporter Hugo Shong. Proceeds of the sale will benefit the McGovern Foundation, which supports neuroscience research at the McGovern Institute.

Share This Print This