domaindeer
Katie PieNew Member
- Impact
- 10
Just came across this news and thought it might be of some interest to others here. Apologies if irrelevant or already posted (the news is over 2 weeks old)...
From a press release on newswire.ca:
I don't follow all the technical jargon but found the news interesting because I really like NameSilo, whereas I have a diametrically opposite opinion of NamePal. Wondering if this will improve NamePal or whether the two will merge in some way... Also wondering what "higher margin domain services" NamePal provides?
Keen to hear any thoughts!
From a press release on newswire.ca:
Under the terms of the Purchase Agreement, NameSilo acquired 100% of the membership interest in NamePal and, in consideration of which, Ronka has agreed to transfer up to a 1.75% interest in NameSilo to the Vendor (or its principals) as follows: (i) 0.5% of the membership interest within six months of closing, (ii) 0.5% of the membership interest within twelve months of closing, and (iii) 0.75% of the membership interest within eighteen months of closing. NameSilo has also agreed to retain the principals and existing staff of NamePal in order to integrate value added services and expand the NameSilo offering.
"The acquisition of NamePal provides us with a superb technical team to assist us in our rollout of higher margin domain services," says Kristaps Ronka, CEO of NameSilo LLC. "The NamePal team will be instrumental in taking the business to the next level. Importantly, the acquisition is non-dilutive to the Company's interest in NameSilo as it will continues to hold an 81.5% interest in NameSilo after closing of the acquisition."
"The acquisition of NamePal provides us with a superb technical team to assist us in our rollout of higher margin domain services," says Kristaps Ronka, CEO of NameSilo LLC. "The NamePal team will be instrumental in taking the business to the next level. Importantly, the acquisition is non-dilutive to the Company's interest in NameSilo as it will continues to hold an 81.5% interest in NameSilo after closing of the acquisition."
I don't follow all the technical jargon but found the news interesting because I really like NameSilo, whereas I have a diametrically opposite opinion of NamePal. Wondering if this will improve NamePal or whether the two will merge in some way... Also wondering what "higher margin domain services" NamePal provides?
Keen to hear any thoughts!