Buying or Selling IPv4 Addresses?

Watch this video to discover how ACCELR/8, a transformative trading platform developed by industry veterans Marc Lindsey and Janine Goodman, enables organizations to buy or sell IPv4 blocks as small as /20s.

Avenue4 LLCRead Message Promoted Post

Home / News I have a News Tip

Rightside Rejects Donuts' Unsolicited $70 Million Proposal, Says Undervalues Business

Rightside board of directors rejects Donuts' unsolicited proposal: In an announcement released this morning, Rigtside said its Board of Directors has rejected the unsolicited proposal from Donuts Inc. to acquire Rightside's entire registry of generic top-level domains (gTLDs) and related assets for $70 million in an all-cash deal.

Taryn Naidu, CEO of Rightside: "After thoughtful evaluation, Rightside's Board has determined that Donuts' proposal significantly undervalues Rightside's Registry assets. ... We believe Donuts' proposal is an opportunistic attempt to acquire Rightside's valuable portfolio of domain extensions with an undervalued price and in a manner that would not be in the best interests of Rightside shareholders."

No further discussion warranted: Rightside also sent a letter to Donuts saying it doesn’t believe any further discussion is warranted on this proposal. http://bit.ly/29tRMy2

"Rightside has rebuffed Donuts’ semi-hostile takeover attempt for its portfolio of gTLD registry contracts," Kevin Murphy reporting in Domain Incite: "Activist investor J Carlo Cannell and Uniregistry CEO Frank Schilling, both of whom own small but significant chunks of Rightside, have called on the company to get rid of some of its under-performers. By announcing the offer publicly — apparently after months of private offers — Donuts might have been trying to capitalize on this unrest."

Related topics: Registry Services, New TLDs
SHARE THIS POST

If you are pressed for time ...

... this is for you. More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.

I make a point of reading CircleID. There is no getting around the utility of knowing what thoughtful people are thinking and saying about our industry.

Vinton Cerf, Co-designer of the TCP/IP Protocols & the Architecture of the Internet

Share your comments

To post comments, please login or create an account.

Related

Topics

Cybersecurity

Sponsored byVerisign

IP Addressing

Sponsored byAvenue4 LLC

Mobile Internet

Sponsored byAfilias

DNS Security

Sponsored byAfilias

Promoted Post

Buying or Selling IPv4 Addresses?

Watch this video to discover how ACCELR/8, a transformative trading platform developed by industry veterans Marc Lindsey and Janine Goodman, enables organizations to buy or sell IPv4 blocks as small as /20s.