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December 11, 2018 09:06

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Rightside gets its first shareholder lawsuit after acquisition announcement

Unsurprisingly, Rightside has been sued after announcing its planned sale to Donuts. The lawyers are circling. Seattle law firm Breskin Johnson & Townsend PLLC has filed a lawsuit (pdf) on behalf of Rightside (NASDAQ:NAME) shareholder Susan Paskowitz challenging the deal Rightside struck to be acquired by Donuts for $213 million. The suit seeks class action […]

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Analyzing Donuts’ deal to acquire Rightside

Rightside had to sell and Donuts is the logical buyer. Last week, Donuts agreed to acquire Rightside (NASDAQ: NAME) for $213 million. As luck would have it, I was vacationing in Costa Rica when the deal was announced. I gave some initial thoughts right after the news broke, and now I’ve had more time to […]

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Cannell pushes for more independent board at Rightside

Investor wants other Rightside shareholders to vote “no” again this year. Investor J. Carlo Cannell, whose clients collectively own about 8.5% of Rightside (NASDAQ:NAME), is continuing to push for changes to the company’s board. On Friday, Cannell filed with the SEC and said Rightside’s board is exhibiting “value-destroying behavior” and needs “truly independent and rigorous […]

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J. Carlo Cannell may push for Rightside board shakeup (again)

Activist investor toys with proposing his own board candidates. Investor J. Carlo Cannell, whose investment firms own 8.7% of outstanding shares of Rightside (NASDAQ:NAME)stock, might push for his own slate of three directors for the company’s board at Rightside’s annual meeting in June. In February, after Rightside sold eNom to Tucows, Cannell started Save NAME […]

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Rightside lays out the future

Company paints its vision of the future as it continues to face growth challenges. Rightside released its first earnings statement and held its first investor in its post-eNom reality yesterday. Here’s my take: The business going forward The divestiture of eNom means Rightside is doubling down on its new top level domain name business. It […]

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Yeah, so J. Carlo Cannell still isn’t very happy with Rightside

Cannell is ready to step up his fight against Rightside. So Rightside (NASDAQ: NAME) sold eNom to Tucows. What does investor J. Carlo Cannell think? As you might expect, he’s kind of pissed. But his rationale is a bit odd. You might recall that Cannell (who owns about 9% of the company through his funds) […]

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Tucows expects $20 million EBITDA/year from “opportunistic” eNom acquisition

Tucows expects fast contribution from eNom, which has booked losses at Rightside. Domain name and communications company Tucows (NASDAQ:TCX) didn’t plan to acquire two domain name businesses over the past year, but the opportunities were too good to pass up. First, the company scooped up Melbourne IT’s reseller channel for just over $8 million AUD. […]

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Tucows acquires eNom from Rightside

Tucows consolidates domain reseller platforms in $83.5 million transaction. Earlier this week I warned you to be on the lookout for big news over the next few days. Here it is. Tucows (NASDAQ:TCX) has acquired Rightside’s (NASDAQ:NAME) eNom business for $83.5M. The deal consolidates the #1 and #2 domain name reseller platforms eNom and OpenSRS. […]

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Rightside’s revenue drops again in Q3

Top line continues to shrink at Rightside. Domain name company Rightside (NASDAQ:NAME) reported earnings after the bell today. Revenue keeps heading in the wrong direction. For the third quarter in a row, revenue was down quarter-over-quarter. More worryingly, it was down year-over-year. The company posted revenue of $53.3 million for the third quarter, down from […]

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Domain Stocks: From -26% to +51%, here’s how they’re doing this year

Tucows, MMX and GoDaddy are enjoying great years, Endurance and Web.com…not so much. There are just a couple of months left in the year, and it has been one of ups and downs for many domain name stocks. The S&P 500 has returned about 7% this year. Here’s how domain name stocks have fared, ordered […]

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