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CentralNic now owns .sk after $30m deal closes

Kevin Murphy, December 12, 2017, 14:57:50 (UTC), Domain Registries

CentralNic has just closed its acquisition of SK-NIC, the ccTLD operator for Slovakia, the company announced today.

The London-based firm announced the deal back in August, when it was to be worth €21.27 million up front, with a deferred performance-related cash payout of €4.85 million cash over three years.

But the deal, originally intended to close in September, was delayed by legal “complexities” and restructured from an asset purchase to a purchase of SK-NIC, including its liabilities, in its entirety.

The purchase price is now €20.27 million in advance, with €5.85 million deferred. That’s still a total of €26.12 million ($30.67 million).

The acquisition is unusual in that it sees a ccTLD transferring to control of a foreign entity, and was opposed by many in the Slovakian internet community.

A petition was organized calling for the transfer of .sk to a new independent body with more community and government oversight.

There had been fears that CentralNic would do to .sk what it has to Laos’ .la — repurpose it to mean something other than “Slovakia” — but CentralNic told DI that it will no do so.

The deal means .sk will move from its outdated old registry infrastructure to CentralNic’s standards-based EPP platform, which should make it easier for registrars to integrate.

It’s also likely to mean it’s going to be much easier for non-Slovaks to be able to register .sk domains.

SK-NIC currently has about 360,000 domains under management.

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