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.
Neustar is proud to announce the acquisition of .@dotco .CO Internet will expand Neustar’s registry services http://t.co/xpv8XLDRHe
— Neustar (@Neustar) March 20, 2014
.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.
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 ?
Page Howe says
great for juan and the group at .co, stinks for me.. neustar where tlds go to die…. unless they bought the management team also.
Page Howe says
this make it seem like S.A.S. is sticking around, which is better for .co
thanks juan for the personal blog posts, helps with some perspective and matches up with the qualities you have brought to the registry to date.
otherwise we would have another kids.us
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.
Domainer Extraordinaire says
It pays to have a .com typo.