j2 Global Withdraws Tender Offer to Acquire Carbonite

j2 Global, Inc. has entered into a confidentiality agreement with Carbonite, Inc., in connection with j2’s proposal to acquire Carbonite and Carbonite’s previously announced sale process.

In accordance with the terms of the confidentiality agreement, j2’s wholly-owned subsidiary is withdrawing its tender offer for all of the outstanding shares of common stock of Carbonite (including the associated preferred share purchase rights), which was set to expire on March 30, 2015.

While the terms of the confidentiality agreement contain a standstill provision that expires on June 30, 2015, Carbonite and j2 have agreed that j2 may nominate directors for election at Carbonite’s 2015 annual meeting of stockholders. j2 currently intends to nominate candidates for election to the board of directors of Carbonite at Carbonite’s 2015 annual meeting.

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