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J2 Global Buys Metrofax

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One step forward, one step back.

Last month, Los Angeles-based j2 Global (NASDAQ: JCOM  ) moved a pace away from its roots in Internet-based fax services with its purchase of and publisher IGN Entertainment. On Monday, the company shuffled back toward the field of faxing as it announced the purchase of Bellevue, Wash.-based MetroFax, a provider of Internet faxing services "and advanced features."

j2 did not disclose financial terms of the transaction, saying only that its "impact ... is not expected to be material." Shareholders appear relieved at the news. j2 shares rose 0.1% in Monday trading to close at $37.18. 

Read/Post Comments (3) | Recommend This Article (1)

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  • Report this Comment On January 17, 2014, at 12:06 PM, Tradestockss wrote:

    J2 Global should business after they bought metrofax worth nothing but problems they undisclosed customers of this changes .

    Yes what happen to Metrofax? they charged me annual rate, they change the platform, can't find my groups, everything is different, nothing to do to what I contracted with metrofax, How I can cancel this account is worthless now

  • Report this Comment On January 17, 2014, at 5:19 PM, anticlutch wrote:

    J2 really effed me up with this new system. I mean badddd. Thanks alot! Switching to Nextiva Fax

  • Report this Comment On January 28, 2014, at 9:20 AM, davbow wrote:

    This buyout has been a disaster for Metrofax customers. Nothing works now as it should. They had an amazing product before. Now it is horrible.

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