coupon

Ronald Perelman’s RetailMeNot to Sell to J2 Global for $420 Million

Ronald Perelman’s MacAndrews & Forbes Inc. is planning to sell online coupon company RetailMeNot Inc. to an internet information and services company for around $420 million.

RetailMeNot agreed to sell its assets to J2 Global Inc. in a transaction expected to close in the fourth quarter, according to a statement Tuesday. Discount drug company RxSaver, which is housed under the RetailMeNot umbrella, has also been up for sale but isn’t part of the transaction, according to people with knowledge of the plans who asked not to be identified.

RetailMeNot partners with than 5,000 retailers including Macy’s Inc., Sephora, and Best Buy Co., according to its website. It compiles coupon codes and cash-back options for customers shopping online and in stores.

J2 Global’s portfolio includes Mashable, Humble Bundle, Speedtest, PCMag, Offers.com, Spiceworks, Everyday Health, BabyCenter and eFax, according to the statement.

RetailMeNot held sale discussions with interested buyers including private equity

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coupon

Perelman’s Coupon Company RetailMeNot to Weigh Sale Options

(Bloomberg) — Ronald Perelman’s MacAndrews & Forbes Inc. is weighing a sale of online coupon company RetailMeNot Inc. as the billionaire reworks his empire, according to people with knowledge of the situation.

RetailMeNot, which compiles online coupon and discount codes, is in talks with would-be bidders about a potential sale that could fetch $500 million to $600 million, said the people, who asked not to be identified discussing a private matter. RetailMeNot hired investment bank Evercore Inc. to serve as its financial adviser to manage the process, the people said.



Ronald Perelman sitting at a desk


© Photographer: Chris Goodney/Bloomberg
Ronald Perelman

Ronald Perelman

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Photographer: Chris Goodney/Bloomberg

The company hasn’t made definitive plans to sell, and discussions with interested parties including private equity firms are at an early stage, according to the people. Discount drug company RxSaver which is housed under the RetailMeNot umbrella has also been up for sale, Bloomberg reported.

A representative

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