I received several reports over the weekend that Rightside (NAME) laid off some of its work staff late last week. I reached out to Taryn Naidu CEO of Rightside who had the following statement: ""In an effort to lower the overall cost structure and realign our resources on more strategic parts of our business, we made a difficult decision to layoff around six percent of our employees last … [Read more...]
Rightside Adds Short New gTLD’s With Normal Renewals To ROTD/Namescon Auction
Rightside® (Nasdaq:NAME), today announced that it will be participating in the RightoftheDot.com domain name auction as part of the Namescon conference that will be held next Monday, January 11th at 2PM EST. All domain names carry a normal renewal fee for the relevant extension, None carry a premium renewal fee. In keeping with the recent boom of 1, 2, and 3-character second-level domain … [Read more...]
CentralNic Buys Registrar Instra.com & Stock is Down Almost 20%
CentralNic (LON:CNIC) is buying privately-owned domain name registrar, Instra Group, funded in part from a £10mln placing of stock with investors at 40p a share, for almost £16mln (A$33mln). According to the press release "the purchase will extend CentralNic’s capabilities and “significantly increase” its retail offering." According to the press release Instra in the year to June 30 posted … [Read more...]
Report: Vegas.com Bought LasVegas.com in 2005 For Up To $90 Million Dollars
George Kirikos spotted an SEC document showing that Vegas.com purchased LasVegas.com in 2005, for what could be up to a $90 Million Dollars. "In June 2005 , VEGAS.com, LLC entered into an agreement for the purchase of LasVegas.com on the following terms: The agreement specified that a $12,000,000, one-time payment be made upon execution of the agreement along with monthly payments of … [Read more...]
IAC To Spin Off Match.com, Tinder, OkCupid.com + 42 More To IPO Of The Match Group (MTCH)
IAC/Interactive (IACI) is spinning off 45 sites including Match.com, Okcupid.com and Tinder into a new public company called the The Match Group which filed for an IPO Friday, applying to be listed on the Nasdaq under the ticker "MTCH." The company has filed to raised up to $100 million in the IPO. According to the S-1, The Match Group had 4.7 million paying subscribers worldwide at the end … [Read more...]
Vegas.com Sold For Up To $38 Million With $15.5 Million In Cash, But…..
Publicly traded Remark Media, Inc. (NASDAQ: MARK) announced today they entered into an agreement to buy Vegas.com in a deal that could be valued up to $38 Million dollars. Vegas.com which is privately owned is a online booking company for all things Vegas. Under The terms of the proposed deal, which is subject to approval by shareholders of Remark Media (Remark),The Greenspun Corporation, … [Read more...]
Did OnlineEducation.com Sell for $3.3 million ?
I want to point out the tip for this article came courtesy of JS Lascary, he noticed some info related to QuinStreet a publicly traded company (QNST (NASDAQ) $6.03 -0.15 (-2.43%) that is an online performance marketing company providing technologies for businesses to identify their targeted audiences. They have purchased a number of high profile domains over the years, back in 2010 they paid … [Read more...]