J2 Global Announces Agreement to Acquire RetailMeNot
September 29 2020 - 7:00AM
Business Wire
J2 Global, Inc. (NASDAQ: JCOM), a leading Internet information
and services company, today announced that it has entered into a
purchase agreement to acquire leading savings destination
RetailMeNot for approximately $420 million from Vericast, a premier
marketing solutions company.
The transaction, subject to customary closing conditions and
regulatory approvals, is expected to close in the Fourth Quarter
2020. Upon completion of the transaction, J2 Global expects to
provide an update on the estimated financial contribution of the
acquisition.
“We are excited at the prospect of adding RetailMeNot, and their
talented employees, to our portfolio of brands dedicated to helping
consumers save money and find deals, while delivering performance
marketing solutions to retailers and brands,” said Vivek Shah, CEO
of J2 Global.
About J2 Global
J2 Global, Inc. (NASDAQ: JCOM) is a leading Internet information
and services company consisting of a portfolio of brands including
IGN, Mashable, Humble Bundle, Speedtest, PCMag, Offers.com,
Spiceworks, Everyday Health, BabyCenter and What To Expect in its
Digital Media segment and eFax, eVoice, iContact, Campaigner,
Vipre, IPVanish and KeepItSafe in its Cloud Services segment. J2
Global reaches over 230 million people per month across its brands.
As of December 31, 2019, J2 Global had achieved 24 consecutive
fiscal years of revenue growth. For more information, visit:
www.j2global.com.
About Vericast
Vericast is a premier marketing solutions company that
accelerates profitable revenue growth for the 70,000 businesses it
serves directly by influencing consumer purchasing and transaction
behavior at scale while engaging with over 120 million households
daily.
About RetailMeNot
RetailMeNot is a leading savings destination bringing people and
the things they love together through savings with retailers,
brands, restaurants and pharmacies. RetailMeNot makes everyday life
more affordable through online and in-store coupon codes, cash back
offers, and the RetailMeNot Deal Finder™ browser extension.
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version on businesswire.com: https://www.businesswire.com/news/home/20200929005073/en/
Rebecca Wright (212) 503-5247 J2 Global, Inc. press@j2.com
j2 Global (NASDAQ:JCOM)
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