J2 Global snaps up more Zintel assets, agrees to buy NZ unit for $7.3 mln cash

Wed, 22 Aug 2012

Aug. 23 (BusinessDesk) - J2 Global, the Nasdaq-listed, cloud-based communications and messaging company, has added to its acquisition of assets from Zintel Group, agreeing to buy its Zintel Communications unit for $7.3 million. The deal closes today after NZAX-listed Zintel gained NZX exemption from requirements to make a pre-break announcement or gain shareholder approval for the transaction. In February, Delaware-based j2 Global acquired Zintel’s Australian toll-free calling business for $15.3 million. “Following the sale of our Australia...

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