j2 Global Acquires Ziff Davis, Inc.

  j2 Global Acquires Ziff Davis, Inc.

                  Brings j2 Critical Mass in Web Media Space

Business Wire

LOS ANGELES -- November 12, 2012

j2 Global, Inc. (NasdaqGS: JCOM), the provider of business cloud services,
today announced that it has acquired Ziff Davis, Inc., a leading media company
in the technology market. The acquisition provides j2 a series of world-class
web properties, including PCMag.com, ComputerShopper, ExtremeTech, Toolbox.com
and Geek.com.

The purchase price was approximately $167 million, net of certain post-closing
adjustments, and was funded out of j2’s cash on hand. The transaction is
anticipated to be immediately accretive and to contribute approximately $60
million to 2013 revenues. After giving effect to this transaction, j2 has over
$300 million in cash and investments.

“We have years of experience and significant interest in the digital media and
online marketing space, both as a large scale consumer of advertising (~$50M
per year) and as a seller of advertising on our ad supported properties (e.g.
eFax Free) and a provider of marketing and advertising services through
Campaigner®,” said Hemi Zucker, j2’s chief executive officer. “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. This is our 40^th acquisition and we plan to grow the business in
the same way we have our others - through a combination of internal growth and
acquisitions.”

As a result of this transaction, j2 anticipates that its revenues for 2012
will exceed the top end of its previous estimate of between $345 million and
$365 million. In addition, j2 reaffirms that its 2012 non-GAAP earnings per
diluted share will exceed that of 2011.

About j2

Founded in 1995, j2 Global, Inc. provides cloud services to individuals and
businesses around the world. j2's network spans 49 countries on six
continents. The Company offers Internet fax, virtual phone, hosted email,
email marketing, online backup, unified communications and customer
relationship management solutions. j2 markets its services principally under
the brand names eFax^®, Onebox^®, eVoice^®, Campaigner^®, Fusemail^®,
KeepItSafe^® and CampaignerCRM™. As of December 31, 2011, j2 Global had
achieved 16 consecutive fiscal years of revenue growth. For more information
about j2, please visit www.j2global.com.

About Ziff Davis

Ziff Davis, Inc. is a leading digital media company specializing in the
technology market, reaching over 50 million in-market buyers every month. Ziff
Davis sites feature trusted reviews of the newest and hottest tech products,
news, commentary, tech deals and much more. Our portfolio includes our
flagship PCMag.com, ComputerShopper, ExtremeTech, Geek.com, Toolbox.com and
LogicBUY.com. Ziff Davis also helps marketers drive sales with its latest
product, BuyerBase™, an advanced ad targeting platform focused 100% on
in-market tech buyers. Ziff Davis B2B is a leading provider of online research
to enterprise buyers and serves IT and cloud services vendors.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
1995: Certain statements in this Press Release are "forward-looking
statements" within the meaning of The Private Securities Litigation Reform Act
of 1995, including but not limited to statements regarding opportunities in
the digital media and advertising space, obtaining critical mass in that
space, building the Ziff Davis business and pursuing acquisitions of digital
media and advertising companies. These forward-looking statements are based on
management's current expectations or beliefs and are subject to numerous
assumptions, risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. These
factors and uncertainties include, among other items: third party online
advertising spend; general economic conditions; the ability to successfully
operate Ziff Davis as part of j2; loss of senior management at Ziff Davis;
change in laws regarding user privacy and data security and protection;
ability to identify and acquire businesses in the digital media and
advertising space that meet j2’s business and financial criteria; and the
numerous other factors set forth in j2's filings with the Securities and
Exchange Commission ("SEC"). For a more detailed description of the risk
factors and uncertainties affecting j2, refer to the 2011 Annual Report on
Form 10-K filed by j2 on February, 2012, and the other reports filed by j2
from time-to-time with the SEC, each of which is available at www.sec.gov. The
forward-looking statements provided in this press release are based on limited
information available to j2 at this time, which is subject to change. Although
management's expectations may change after the date of this press release, j2
undertakes no obligation to revise or update these statements.

Contact:

j2 Global, Inc.
Laura Hinson, 800-577-1790
laura.hinson@j2.com
 
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