Could J2 Global – the owner of brands such as IPVanish, Ziff Davis, PC Mag, Mashable and dozens more – be looking to add yet another lucrative vertical to its portfolio?
Just days ago, the company disclosed it has more than $700 million in cash, cash equivalents and investments on hand – and it could be looking at web hosting as its next big revenue driver.
Of the dozens of acquisitions it has made over the past two decades (including 23 in the past four years), none were in the web hosting industry. The company has, however, previously expressed interest in buying domain registrars and website providers, adding that it has access to capital for transactions of up to $1 billion in valuation.
Its target could be Endurance International Group, otherwise known as EIG, owner of popular web…
Source link
