One step forward, one step back.

Last month, Los Angeles-based j2 Global moved a pace away from its roots in Internet-based fax services with its purchase of PCMAG.com and Geek.com 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. 

The article J2 Global Buys Metrofax originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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mizlandry

I hate J2. I found this article when my metrofax interface changed suddenly and I noticed the small J2 at the bottom of the website. These guys offer no service and make it impossible to cancel a service. Now I'm caught in a really bad situation where I have been using Metrofax and loved the service and now I can't get any support or assistance and can't even cancel! UGH!!!!

December 04 2013 at 12:47 PM Report abuse rate up rate down Reply