j2 Global subsidiary buys IGN Entertainment
Feb 05, 2013 (TELECOMWORLDWIRE via COMTEX) --
j2 Global, Inc. said that its Ziff Davis, Inc. subsidiary has acquired IGN Entertainment, a leader in video game, entertainment and men's lifestyle content, from News Corp. (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV). The acquisition provides j2 with a group of world-class digital properties.
The combination of Ziff Davis' properties including, amongst others, PCMAG.com, Geek.com and Toolbox.com, with IGN's properties, IGN.com, UGO.com, 1UP.com and AskMen.com, make the group one of the largest digital publishers reaching tech, video game and entertainment enthusiasts. In addition, these properties have over 600 advertisers and 53 million global monthly unique visitors. This acquisition more than doubles the revenues of j2's digital media business.
The transaction is expected to be accretive to j2's 2013 earnings, exclusive of transition costs.
j2 Global provides Internet services through its two divisions: Business Cloud Services and Digital Media. The Business Cloud Services Division offers Internet fax, virtual phone, hosted email, email marketing, online backup, unified communications and CRM solutions. For more information about j2 Global, visit www.j2global.com.
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