eFax Trying to Acquire Carbonite?

November 12, 2012 at 9:15 pm Leave a comment

Late last week it became clear via SEC filing that J2 Global (best known as the makers of eFax and similar online communications solution) made an offer to acquire online backup provider Carbonite for $270M.  The price was a 37% premium to the publicly traded stock (NASDAQ: CARB) at the time of the offer (about a 30% premium as of today).

J2 is known for growing by acquisition, but typically buys “business” (i.e. buy subscribers) or “technology”.  Unclear if it is looking for both here, as they have previously acquired several smaller online backup businesses (it bought European-based KeepItSafe in October of 2011 and Phoenix headquartered Offsite Backup Solutions in January of this year).

What’s next for J2?  Well, they already own 9.9% of Carbonite.  Let’s see what happens.

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