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Tucows and Namecheap exit $14m .online deal
Tucows and Namecheap have both pulled out of their joint venture with Radix to run the .online registry.
Tucows revealed the move, which will see Radix run .online solo, in a press release yesterday.
Both Tucows and Namecheap are registrars, whereas Radix is pretty much focused on being a registry nowadays.
While financial terms have not been disclosed, Tucows CEO Elliot Noss had previously said that each of the three companies had funded the new venture to the tune of $4 million to $5 million.
I estimate that this puts the total investment in the deal — which includes the price of winning .online at auction — at $13 million to $14 million.
Noss has also hinted that the gTLD sold for much more than the $6.8 million paid for .tech.
.online has not yet been delegated.
Recent Comments
That seems like a rather misleading way of accounting. It is certainly easy to manipulate the numbers to tell a dif... read more
That "gross revenue" is kind of silly, and can make things easy to manipulate. Suppose they set the sticker price of... read more
So two new gtlds accounted for 1/2 the quarterly growth. (600K + 275K) out of 1.7M.... read more
.App launch helped the rebound a lot.... read more
Should have said that in the article!... read more
So it seems like these new gtlds are just used to launder money or get tax write offs. They are not good investments tha... read more
Interesting explanation by SJLawley on MMX bulletin board on LSE. Mr Lawley has just sold ICM registry to MMX.. He wil... read more
The problem with the China discounting strategy is that it eventually turns a gTLD into a gTLD with Chinese market dynam... read more
You're on!... read more
.Club guys are going at it right, they do a great job marketing their string and they're incredibly active in the indust... read more