J2 Puts Up $167M For Tech Publisher Ziff Davis

Law360, New York (November 13, 2012, 1:54 PM EST) -- Business cloud services provider j2 Global Inc. paid $167 million for Ziff Davis Inc., the publisher of several tech-focused media outlets and their Web-based assets, lifting ownership from Boston-based private equity firm Great Hill Partners and a former Time Inc. executive.

Under the deal's terms, Los Angeles-based j2 covered the purchase price using on-hand cash. The company said its purchase will deliver immediate value to shareholders and contribute about $60 million to 2013 revenues. For this year, the company said it expects to hit the top...
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