According to a 10-K report filed with the SEC by Demand Media (DMD) (page F-31) the company paid $18 Million dollars for the domain name registrar Name.com
“”On December 31, 2012, the Company completed the acquisition of the net assets of Name.com, a retail registrar company based in Denver, Colorado.
“The purchase consideration of $18,000,000 comprised an initial cash payment of
$16,200,000 and the remaining $1,800,000 is subject to a hold back to satisfy post-closing indemnification obligations”
“any remaining portion of such hold back amount that is not subject to then pending claims will be paid to the selling shareholders prior to or on the 18-month anniversary of the closing of the transaction.
At the time of acquisition Name.com was reported to have around 1.5 million domain names under management which works out to an acquisition price for Demand Media of around $12 per domain name.
Hybriddomainer.com found the filing last night.
Not just Al Gore selling Current TV at the end of the year ?
Good sell number 🙂
You go, hybriddomainer! Nice find!
How would people rate Name.com as a registrar? I’m looking about for a new one.
@Grim, for me they are the best out there by a mile, Customer panel,response,backordering and they way they engage with people is everything i want in a company.
@Grim , I echo Bobby’s comments. First rate customer service. And they do not spam their customers with offers etc.
I hope Demand keep the registrar in Denver – where we are located 🙂
Seems like a very reasonable buyout price considering $12 per acquisition. Just imagine them having access to an additional customer base to sell their generic strings. They also now have access to a great drop catching service that catches some great names.
@Bobby & Ron
Okay thanks, I’ll give it a look.
Hello MHB,
You all may notice they bought a registrar one of the few winners in Closed monopoly TLD Hoax.
Gratefully, Jeff Schneider (Contact Group0 (Metal Tiger)