Key Developments: j2 Global Inc (JCOM.O)
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Latest Key Developments (Source: Significant Developments)
J2 Global Inc Raises FY 2013 Guidance ;Declares Quarterly Cash Dividend
J2 Global Inc updated its fiscal 2013 guidance and expects revenues to be between $510 and $535 million from the previous estimate of between $500 and $525 million and non-GAAP earnings per diluted share (EPS) to be between $2.78 and $2.98 from the previous estimate of between $2.65 and $2.85. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $509 million and EPS of $2.78 for fiscal 2013. The Company's Board of Directors has approved a quarterly cash dividend of $0.24 per common share, a 3.2% increase versus last quarter`s dividend and a 11.6% increase versus the dividend paid in Q2 2012. The dividend will be paid on June 4, 2013 to all shareholders of record as of the close of business on May 20, 2013. Full Article
J2 Global Inc Announces Acquisition Of Backup Connect BV
J2 Global Inc announced that it has acquired Backup Connect BV, an online backup provider based in The Netherlands. Terms of the acquisitions were not disclosed. Full Article
Vocus Communications Ltd Announces Sale Of Datalock Limited To J2 Global Inc
Vocus Communications Ltd announced that the divestment of the New Zealand Retail Backup business Datalock Limited (Datalock). Vocus acquired the Maxnet Limited (NZ) business in May 2012. As part of that acquisition, Vocus acquired a New Zealand Retail Data Backup business, Datalock. This wholly owned subsidiary of Maxnet was not considered to form part of Vocus’ core business. Vocus has entered into a binding agreement to sell the customers of Datalock to J2 Global Inc . The consideration for the sale is NZD600,000. The disposal is not anticipated to have a material impact on the EBITDA of Vocus. Full Article
J2 Global Inc Approves Quarterly Cash Dividend
J2 Global Inc announced that its Board of Directors has approved a quarterly cash dividend of $0.2325 per common share, a 3.3% increase versus last quarter's dividend and a 10.7% increase versus the dividend paid in Q1 2012. The dividend will be paid on March 4, 2013 to all shareholders of record as of the close of business on February 25, 2013. Future dividends will be subject to Board approval. Full Article
J2 Global Inc's Subsidiary Acquires News Corporation's IGN Entertainment
J2 Global Inc announced that Ziff Davis, Inc. subsidiary has acquired IGN Entertainment, from News Corporation. Terms of the transaction were not disclosed. Full Article
J2 Global Inc Acquires Ziff Davis Inc
J2 Global Inc announced that it has acquired Ziff Davis, Inc., a media company in the technology market. The acquisition provides j2 a series of world-class web properties, including PCMag.com, ComputerShopper, ExtremeTech, Toolbox.com and Geek.com. The purchase price was approximately $167 million, net of certain post-closing adjustments, and was funded out of j2`s cash on hand. Full Article
J2 Global Inc Approves Quarterly Cash Dividend
J2 Global Inc announced that the Board of Directors has approved a quarterly cash dividend of $0.225 per common share, a 2.3% increase versus last quarter's dividend. The dividend will be paid on November 26, 2012 to all shareholders of record as of the close of business on November 12, 2012. Future dividends will be subject to Board approval. Full Article
J2 Global Inc Reaffirms FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance
J2 Global Inc announced that it is reaffirming its fiscal 2012 revenues guidance of between $345 million and $365 million. The Company is increasing its fiscal 2012 non-GAAP earnings per share (EPS) guidance to now exceed, rather than equal, its fiscal 2011 results. The Company reported EPS of $2.53 in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $356 million and EPS of $2.59 for fiscal 2012 Full Article
J2 Global Inc Acquires New Zealand Based Zintel Communications
J2 Global Inc announced that it has acquired the New Zealand business of Zintel Communications, a cloud voice services provider. Terms of the acquisitions were not disclosed. Full Article
J2 Global Inc Reaffirms FY 2012 Guidance; Increases Quarterly Dividend By 2.3% To $0.22 Per Share
J2 Global Inc announced that for fiscal 2012, it is reaffirming its previously issued financial estimates and expects revenues between $345-$365 million and Non-GAAP net earnings per diluted share to be approximately the same as for fiscal 2011. The Company reported EPS of $2.53 in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $356 million for fiscal 2012. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per share. Full Article
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