j2 Global Acquires Ziff Davis For $167 Million
j2 Global has acquired Ziff Davis for $167 million in cash. Ziff Davis is a technology magazine publisher company that went into bankruptcy in 2008. Ziff Davis now runs websites like Geek.com, PCMag.com, ExtremeTech, Toolbox.com, etc. J2 acquired the company from Great Hill Partners in Boston. ZD will add around $60 million to j2′s 2013 revenue. j2′s 2012 revenue will now be exceeding $365 million.
“This acquisition brings scale to this effort with a top leadership team deeply committed to building the business through organic growth, which we expect to continue,” stated j2 CEO Hemi Zucker.
J2′s other services include Internet fax, e-mail, e-mail marketing, and virtual phones through brands eFax, Onebox, eVoice, KeepItSafe, and CampaignerCRM.
Ziff Davis originally started in the 1920s by William B. Ziff Sr. and Bernard G. Davis. The Ziff family sold a majority of their stake to Great Hill in 1994.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry