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TheDomains.com

Warren Buffet’s Berkshire Hathaway Now Owns Over 5% Of Verisign

May 23, 2013 by Michael Berkens

Back In February we told you that Warren Buffets’s Berkshire Hathaway purchased 3,685,700 shares  of Verisign (VRSN) which at the time of acquisition represented an investment of around $165 Million dollars.

Today according to Cnbc.com,  Berkshire Hathaway added another 4.49 million shares last quarter and now owns 5.35% of VeriSign.

“”While the introduction of a new category of “top level domains” (such as .aero for aviation businesses or .mobi for mobile websites) does increase the competition faced by VeriSign, the new naming options aren’t likely to steal share from the dot-com domains. ”

“Instead, firms are likely to just register both names.”

“VeriSign’s exclusive contracts with ICANN offer an attractive economic moat for the firm.

“Because increases in registration fees are built into those contracts, VeriSign will be able to generate attractive growth over the course of the next several years without needing to work for it.”

The reporter for CNBC.com doesn’t seem to understand what is going to happen in the new gTLD program and certainly we can and have debated what the effect of the new gTLD program will be on existing domain names for years now.

The reporters statement that attempts to summarize the threat from new gTLD’s to Verisign’s  as “firms are likely to just register both names.” shows a great lack of knowledge on the subject.

Moreover Verisign no longer has that guaranteed rate increase and that part of the story is just wrong.

 

Filed Under: Domain Registries, Publicly Traded Domain Co, VeriSign

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

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Comments

  1. OmahaNewscom says

    May 23, 2013 at 12:01 pm

    Precursor to an outright takeover?

  2. Jeff Schneider says

    May 23, 2013 at 2:15 pm

    Hello MHB,

    This SMARTEST of SMART money, actualizing the Extreme Boom times ahead for (.COM Profit centers) tells even the most extreme naysayers of the .COM supremacy extending itself, they are barking up the wrong tree.

    Warren Buffets Berkshire Hathaway Think tank is putting their money ahead of their mouth. They are convinced of the .COM Channels increasing dominance.

    This comes from Market Analysts that know their business, not alias commentors who cannot even reveal their true names.

    Comments anyone?

    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)


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