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June 19, 2018 10:03

You are browsing the archive for acquisition.

After ICANN nod, MMX buys .xxx

MMX has closed the acquisition of porn-focused ICM Registry, after receiving the all-clear from ICANN for the contract transfers. The deal is worth roughly $41 million — $10 million cash and about $31 million in stock. ICM runs .xxx from the 2003 gTLD application round (though it didn’t go live until 2011) and .porn, .adult […]

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MMX rejected three takeover bids before buying .xxx

MMX talked to three other domain name companies about potentially selling itself before deciding instead to go on the offensive, picking up ICM Registry for about $41 million. The company came out of a year-long strategic review on Friday with the shock news that it had agreed to buy the .xxx, .adult, .porn and .sex […]

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101domain founders suing Afilias over unpaid $1 million after $15.5 million acquisition

The two former owners of 101domain are suing Afilias over an unpaid $1 million portion of their $15.5 million acquisition deal. And Afilias is suing them right back, claiming it doesn’t have to pay because the deal left it saddled with an undisclosed tax bill in excess of $1 million. The suit was filed by […]

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MMX could announce acquisition this week

New gTLD registry MMX could announce plans to be acquired as early as this week. The company told the markets last week that its delayed 2017 financial results would be announced in “early May”, along with the “conclusion of the strategic review” it has been teasing investors about for almost a year. The “strategic review”, […]

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CentralNic and KeyDrive in merger talks

CentralNic and KeyDrive, two major European domain firms, are in merger talks, CentralNic confirmed this morning. CentralNic said that the transaction, should it close, would be a “reverse takeover” of itself by KeyDrive. That’s where a private company, in this case KeyDrive, reverses into a public one, in this case AIM-listed CentralNic. Luxembourg-based KeyDrive is […]

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Donuts may make .travel names easier to buy after acquiring its first legacy gTLD

Donuts has added .travel to its swelling portfolio of gTLDs, under a deal with original registry Tralliance announced today. It’s the company’s first acquisition of a legacy, pre-2012 gTLD, and the first “community” gTLD to join its stable of strings, which now stands at 239. .travel went live in 2005, a part of ICANN’s 2003 […]

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Famous Four chair pumps $5.4 million into AlpNames to settle COO lawsuit

Famous Four Media chair Iain Roache has bought out his former COO’s stake in AlpNames, its affiliated registrar, settling a lawsuit between the two men. He’s acquired Charles Melvin’s 20% stake in the company for £3.9 million ($5.4 million), according to a press release. A spokesperson confirmed that the deal settles a lawsuit in the […]

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MMX profitable as acquisition talks drag on

New gTLD registry Minds + Machines became profitable as an operating company for the first time in 2017, the company announced on Friday. MMX saw billings of $10 million in the second half of the year, compared to $5.6 million in the first half, as domains under management grew 67% to 1.32 million. Billings is […]

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CentralNic now owns .sk after $30m deal closes

CentralNic has just closed its acquisition of SK-NIC, the ccTLD operator for Slovakia, the company announced today. The London-based firm announced the deal back in August, when it was to be worth €21.27 million up front, with a deferred performance-related cash payout of €4.85 million cash over three years. But the deal, originally intended to […]

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Donuts to complete Rightside acquisition tonight

Donuts is on the verge of closing its acquisition of coopetitor Rightside, after the vast majority of Rightside shareholders agreed to sell up. Rightside just disclosed that owners of 92% of its shares — 17,740,054 shares — have agreed to sell at Donuts’ offer price of $10.60 per share. That means the remaining 8% of […]

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