J2 Global (JCOM) is pushing harder to acquire shares of Carbonite that it doesn’t already own, even after criticizing Carbonite for its recent hiring of a new CEO and for a recent acquisition announced by Carbonite. In a press release Wednesday, J2, a cloud and digital media services, said it delivered a letter to Carbonite (CARB) executives Tuesday advising them that it intends to acquire the cloud back-up services company for $15 a share in
Cloud-based communications and storage company J2 Global aims to acquire the remaining shares of backup services provider Carbonite that it doesn’t already own. Los Angeles-based J2 Global (JCOM) submitted a non-binding proposal to acquire shares of Carbonite (CARB) for $15 per share, or about $366.4 million, according to an SEC filing. J2 Global provides Internet cloud-based software for government agencies as well as for digital media companies
J2 Global’s (JCOM) cloud-based business fueled first-quarter numbers released after the market close Thursday that soundly beat analyst estimates. Investors took note Friday. Company shares jumped more than 6% on the stock market today. J2 provides cloud-based software for businesses, government agencies as well as digital media companies. In the quarter, J2 reported a per-share profit, minus items, of 76 cents, up 31% from the 58 cents it