Usually we report the NameJet monthly sales but now that NameJet is 100% owned by Web.com they will also include SnapNames … [Read more...]
Web.com to be acquired for $25 a share or $2Billion
Web.com the company that owns Register.com and Network Solutions is being purchased in an all cash deal worth approximately $2 billion. Web.com acquired Register.com in 2010 for $135 million. Web.com acquired Network Solutions company in 2011 for $405 million and 18 million stock shares. Stock traded as high as $37.72 in March of 2014. Full Press release JACKSONVILLE, … [Read more...]
DomainNames.com should have never been listed for sale according to Web.com
Yinan Wang the buyer of DomainNames.com received an update from Web.com. They actually called him on a Friday night. They say domain name should never been listed for sale nor can be transferred, there should have been a registrar lock. Just an update: A vice president of Web.com gave me a call last night, he told me he would like to appologize for this matter personally (I do … [Read more...]
Shares of Web.com Up Over 13% After Hours On Takeover Rumors
Shares of Web.com (WEB) rose over 13% after hours as Reuters.com reported the company "is in talks with private equity firms after receiving takeover approaches." The story went on to say "The buyout interest in Web.com comes as its sector has become increasingly crowded, with companies such as Wix.com Ltd, Weebly Inc and Squarespace seeking to gain market share from established players such as … [Read more...]
Quick Poll How Much Will .Web Sell For In The ICANN Auction On July 27th ?
The new gTLD .Web is scheduled to go to an ICANN auction, on July 27th. There are 8 companies in the auction and 3 of them are public. The public companies are Google (NASDAQ: GOOG), Web.com (NASDAQ: WWWW) and Cimpress NV (NASDAQ: CMPR) which is the parent company of Vistaprint Limited. Google has a market cap close to $500 Billion, Web.com has a market cap of $1.26 Billion while Cimpress … [Read more...]
Web.com Buying Local Ad Co. Yodle for $342M Which Is About 40% of Its Market Cap
Web.com (NASDAQ:WEB) announced today it's acquiring Yodle, a provider of local online ad/marketing services for 50K+ small businesses, for $300M in cash up-front + payments of $20M and $22M at the first and second anniversaries of the deal's closing date. Web.com closed today with an $826M market cap. At a $342 Million dollar purchase price that represents over 40% of its market cap although … [Read more...]
Motley Fool Ponders if Go Daddy is Cheap – One Analyst Sees Go Daddy A Bigger Threat to Web.com
Alex Dumortier on Motley Fool took a look at the Go Daddy IPO and honed in on the history of operating losses and whether or not the stock is cheap based on projections. From the article: We have a history of operating losses and may not be able to achieve profitability in the future. That is one of the prominent risk factors that greets prospective investors in GoDaddy's most recent … [Read more...]
