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United Online, Owner of NetZero, Agrees to $170 Million Sale

When NetZero and Juno Online Services Inc. merged in late 2001 to form United Online, the combined company had 6.7 million active users. It was the second-largest U.S. Internet-access provider after AOL, which had about 30 million subscribers as of June 2001.

B. Riley Financial owns investment bank B. Riley & Co. and Great American Group LLC, which provides advisory, valuation and asset-disposition services. The company said the deal fits with its long-term strategy of growth through opportunistic...