Everyday Health to be acquired by J2Global’s Ziff

everyday health to join j2 Global

Ziff Davis, which makes up the Digital Media Division of j2 Global, Inc. (Nasdaq: JCOM), announced on October 21, 2016, that it entered into a definitive agreement to acquire Everyday Health, Inc. (NYSE: EVDY) in a transaction valued at approximately $440 million. Ziff Davis will pay $10.50 in cash per share of Everyday Health. Everyday Health’s Board of Directors unanimously approved this transaction. Ben Wolin, Chief Executive Officer at Everyday Health, added, “We are pleased to have reached this agreement with Ziff Davis, which we believe is in the best interests of Everyday Health and our shareholders and represents the culmination of a thorough review of strategic alternatives for the Company. This compelling transaction delivers significant and immediate cash value to our shareholders, and positions Everyday Health to reach its next phase of growth. We look forward to working with the Ziff Davis team to ensure a seamless transition.” Cooley LLP served as Everyday Health’s legal adviser with Qatalyst Group acting as the company’s financial adviser.

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