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Everyday Health Receives $10.50/Share Cash Offer From j2
Friday, October 21, 2016 - 11:14am | 329Everyday Health Inc (NYSE: EVDY) disclosed that it struck a definitive deal with Ziff Davis, LLC, which comprises J2 Global Inc (NASDAQ: JCOM), enabling the latter to buy it for $10.50 a share in cash. This would translate in an enterprise value of approximately $465 million. The agreement involves...
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Despite Missing Out On Gawker, Citi Still Buying J2 Global
Wednesday, August 17, 2016 - 10:14am | 409According to Recode, Univision officially edged out its peers, including J2 Global Inc (NASDAQ: JCOM)'s unit Ziff Davis, in buying out Gawker's 7 media assets for $135 million. The results of Gawker's sale are not yet official, as a judge needs to sign off on the sale after hearing potential...
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Hulk Hogan Buries Another As Gawker Files For Bankruptcy
Friday, June 10, 2016 - 1:36pm | 233Billionaire investor Peter Thiel was on a mission to destroy Gawker Media. On Friday, he may have scored a victory. Thiel secretly financed Hulk Hogan's lawsuit against the media company, which he won and was awarded a $140 million judgement. However, Gawker Media announced on Friday it has...
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Buy The Dip In j2 Global, Susquehanna Says
Friday, March 11, 2016 - 3:15pm | 672Shares of Internet services firm J2 Global Inc (NASDAQ: JCOM) recovered after a heavy selloff on Thursday, which saw its stock price plunge as much as 20 percent following a Citron sell report. J2 Global responded to the report saying, "We believe it is both factually incorrect and wrongly...