Irish arm of telecoms firm J2 gets €308m cash injection from US parent company

J2 Global, which owns Mashable and gaming website IGN, recorded revenues of €1.4 billion in 2019

4th March, 2021
Irish arm of telecoms firm J2 gets €308m cash injection from US parent company
Financial statements filed by J2 Global Ireland show it recorded profits nearing €24 million in 2019

J2 Global, a billion-dollar US telecoms and digital media conglomerate, has ploughed €308 million into its Irish subsidiary after a multi-million-euro internal shift.

The deal comes after the international company moved to liquidate its Irish holding company, called J2 Global Holdings Limited.

J2 owns Mashable and gaming website IGN, as well as tech website Geek.com. It recorded revenues of almost €1.4 billion in 2019.

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