With Needham HQ set to reopen, IDG trades hands for $1.3B

The ownership swap comes as IDG is set to officially reopen its new office in Needham on June 14. The company leases its new space, the former campus of Seaport-based PTC Inc. (Nasdaq: PTC), from Boston Properties Inc. (NYSE: BXP). "This acquisition, plus the new headquarters, plus the new strategy, plus the fact that now we’re a double-digit growth company, sets us up for a whole new chapter over the next five, ten, 15 years," CEO Mohamad Ali said.