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Web.com in takeover talks – report
Kevin Murphy,
May 26, 2017, 09:06:08 (UTC),
Domain Registrars
Web.com is in talks to be acquired by private equity firms, according to a report.
Reuters reported last night that the registrar said the talks were “early stage” and that there was no guarantee of a deal.
Web.com is of course home to Network Solutions, Register.com and is involved in secondary market plays SnapNames and NameJet.
The company had 2016 revenue of $710 million and a market capitalization prior to the report of $1.1 billion. Its shares surged on the news.
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