J2 Global just won’t quit.
The Hollywood Internet software and service company has again extended its offer to buy cloud storage firm Carbonite for $415 million.
The offer, for $15 a share, was set to expire Thursday but has been extended another month to March 30.
J2 said it has been in discussions with the Boston company to participate in a previously announced potential sale process. Carbonite Chief Executive Mohamad Ali said in a Jan. 9 Securities and Exchange filing that his company would search for strategic alternatives to J2’s offer.
This is now J2’s third attempt to close a second bid to buy Carbonite. J2 offered to acquire Carbonite in 2012 for $10.50 a share. After the deal was rejected, J2 went on to become a minor owner, purchasing more than 9 percent of Carbonite’s shares.
J2 has announced three other acquisitions in the time since its last Carbonite offer was extended.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- J2 Global Extends Carbonite Offer
- J2 Global’s Carbonite Bid Rejected, Separately Announces Exec Death
- J2 Global Makes Eight Acquisitions in One Month
- J2 Global Acquires Firstway Digital Limited
- J2 Global Makes Another Acquisition
- J2 Global Acquires MXSweep
- Apple to Pre-Install Beats Music App for iOS
- Disney Sets Aside $198 Million for Maker Studios