Seeking Alpha

Carbonite (CARB) +11.8% to $9 after disclosing J2 Global (JCOM) owns a 9.9% stake, and proposed...

Carbonite (CARB) +11.8% to $9 after disclosing J2 Global (JCOM) owns a 9.9% stake, and proposed to buy the entire company for $10.50/share. Carbonite, which went public at $10 last year, rejected the offer, but the stake suggests J2 could make another bid. Carbonite's cloud data backup services would complemented J2's hosted communications services.
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