Apr. 2, 2015, 10:23 AM
- In a 13D filed today , J2 Global (JCOM +0.3%) states it's willing to start talks regarding an acquisition of Carbonite's (NASDAQ:CARB) endpoint protection service business, but is no longer interested in the rest of the company (integration difficulties are cited).
- J2, which owns a 9.3% stake, is also withdrawing its board slate for Carbonite's upcoming annual meeting. It still thinks Carbonite should pursue a "value maximizing transaction."
- J2 made a $15/share tender offer for Carbonite in December. Carbonite officially rejected it a couple weeks later.
Jan. 9, 2015, 5:48 PM
- Carbonite's (NASDAQ:CARB) board has "unanimously rejected" J2 Global's (NASDAQ:JCOM) $15/share tender offer (announced on Dec. 24), declaring it "substantially undervalues the company."
- Carbonite closed at $13.90 today, 7% below J2's offer price. Is the company simply playing hardball? Back in September, SA Pro author Alternative Activist noted activist Discovery Group (has a stake in Carbonite) has "helped push over 50% of its 53 targets toward an acquisition."
Dec. 24, 2014, 9:05 AM
- After years of takeover drama, j2 Global (NASDAQ:JCOM) has informed Carbonite (NASDAQ:CARB) of its intention to commence a cash tender offer to acquire all the outstanding shares of Carbonite at $15/share.
- Carbonite is flying on the news, up over 8% premarket.
- Previously: J2 offers to buy Carbonite (again) (Dec. 03 2014)
Apr. 8, 2013, 4:47 PM
Activision's (ATVI) Blizzard unit acquires the assets of IGN Pro League, a business dedicated to promoting covering competitive gaming (eSports), from IGN (JCOM). Blizzard says part of the IGN Pro League team will form a new Blizzard group focused on producing "high-quality web and mobile content in support of Blizzard games." The purchase could help Blizzard further promote its Warcraft, Starcraft, and Diablo franchises via competitive events.| Apr. 8, 2013, 4:47 PM
Mar. 18, 2013, 8:11 AM
j2 Global (JCOM) acquires MetroFax - a provider of Internet faxing services - for an undisclosed amount. The financial impact to JCOM is not expected to be material. (PR)| Mar. 18, 2013, 8:11 AM
Feb. 1, 2013, 7:22 PM
News Corp. (NWS, NWSA) is reportedly close to selling its IGN online media unit to J2 Global's (JCOM) Ziff-Davis publishing arm. In addition to popular gaming site IGN.com, the unit owns AskMen.com and GameSpy.com. The sale price is said to be "considerably lower" than the $650M News Corp. paid for IGN in '05. IGN's gaming sites complement Ziff-Davis' arsenal of tech news sites. J2 bought Ziff-Davis for $167M in November.| Feb. 1, 2013, 7:22 PM
Nov. 12, 2012, 11:11 AM
J2 Global (JCOM +2.7%) has acquired Ziff Davis, owner of PCMag.com, ExtremeTech, Geek.com, and other tech-oriented Web properties, for $167M in cash. The purchase is slightly off the beaten path for J2, a provider of hosted communications services, but the company notes it's both a major buyer of ads, and a seller via ad-supported sites such as eFax Free. Buying Ziff-Davis puts J2 into competition with GeekNet (GKNT -1.5%). J2 recently made an offer to buy cloud backup services firm Carbonite.| Nov. 12, 2012, 11:11 AM
Nov. 6, 2012, 9:25 AM
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.| Nov. 6, 2012, 9:25 AM