J2 Global to spin-off into J2 Global and Consensus.

J2 Global, an internet information and services company, agreed to spin-off into two publicly traded companies, J2 Global and Consensus, a provider of secure data exchange, through a transfer of an 80.1% stake in Consensus to J2 shareholders. The separation is expected to be completed in the third quarter of 2021. “This is an exciting day for J2’s employees, shareholders, customers, and other key stakeholders. This transaction will create two leading independent public companies. With distinct management teams, capital structures, and strategic focus, each company should be very well positioned to create enduring value. I am also very pleased that Scott Turicchi, my long-term partner at J2, will become the CEO of Consensus at the closing of the transaction,” Vivek Shah, J2 CEO.