.CO Internet S.A.S Acquired for $109 Million

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Neustar traded on the NYSE under the symbol NSR has a market cap of roughly $2.16 billion, today after the close they announced the acquistion of the company behind the .CO extension.

Neustar is acquiring  .CO Internet S.A.S for $109 million. Neustar recorded $4 million in revenue for its role as the back-end provider for .CO Internet, which will be eliminated upon consolidation.

 

.CO Internet exited 2013 with an annual revenue run-rate of $21 million. There are currently just over 1.6 million .co domains registered, Neustar manages the .US and the .BIZ extensions as well.

Neustar is unchanged in after hours trading.

Congrats to Juan Diego Calle, Lori Anne Wardi and the team at .CO.

 

Comments

  1. BrianWick says

    Good for Juan Calle.
    As far as Robert Cline and other .co investors who dumped their life savings, mortgaged homes – well – are they as happy for Juan ?

  2. frank.schilling says

    Really nice outcome for Juan, Lori, Nicolai and the rest of the team!~ Certainly sets a benchmark for the new G business. 1.6mm domains is a terrific accomplishment. Expect more to come.

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