J2 Global Inc. Chief Executive Vivek Shah has helped build an under-the-radar digital-media behemoth by buying up smaller companies. Now, he is getting a bigger war chest and a clear mandate to go on another shopping spree.
J2 Global—which owns a collection of assets including tech site Mashable, fax provider eFax and the videogame brand IGN—said earlier this year it is splitting into two companies. The bigger business, run by Mr. Shah, will get all of the media assets plus a $1 billion infusion to buy more. The spinoff business, called Consensus, will keep the slower-growing eFax.
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