Register.com Sold For 200 Million

[Riceman]

http://biz.yahoo.com/prnews/050809/nytu103.html?.v=21


Register.com Announces Sale of Company to Vector Capital for $7.81 per Share
Tuesday August 9, 8:29 am ET
Transaction Valued at Approximately $200 Million

NEW YORK, Aug. 9 /PRNewswire-FirstCall/ -- Register.com, Inc. (Nasdaq: RCOM - News) today announced that the Company has signed a definitive merger agreement to be acquired by Vector Capital Corporation, a San Francisco-based private equity firm. The all-cash deal is subject to stockholder approval and other customary conditions, but is not subject to any financing contingencies.


Under the terms of the agreement, Register.com stockholders will receive $7.81 in cash for each share of Register.com common stock. The fully diluted equity value of the transaction is approximately $200 million. On June 10, 2005, the Company received an acquisition proposal from RCM Acquisition Co. LLC to purchase the Company for $7.10 per share in cash, which offer was rejected as inadequate. RCM is affiliated with James A. Mitarotonda, a member of Register.com's Board of Directors. The transaction with Vector is the result of the Company's extensive sale process, commenced on June 20, 2005.

 

[Sabre]

Wow, amazing name, and amazing price paid for it.

Fully deserved the price it recieves, but you still cant halp gawping at a sum that large....

 

[dgaussin]

Wow, amazing name, and amazing price paid for it.

Fully deserved the price it recieves, but you still cant halp gawping at a sum that large....

Someone help Sabre to close his mouth

But you're right Tom, great name, great sum, and great deal. Hope the new owner has good plans to develop better register.com but I'm afraid no...

 

[mole]

Things are looking up for e-commerce again.

 

[Xyzer]

thats a cool name and my, a really high price.

 

[equity78]

Register.com is a registrar it was not bought for the name, bought for the business they have. The stock over 5 years was higher.

http://finance.yahoo.com/q/bc?s=RCOM&t=5y

 

[Riceman]

Yes, they were acquired for their business not their name. At 2+ million registrations at 35.00 each they were very profitable

 

[domainprince]

I thought it was the name that was sold...

 

[Element]

Nice find Riceman, plus its a very good deal for such a good domain.

 

[Riceman]

an investment fund bought netsol last year and have seemed to do a good job turning it around. maybe the new owners of register.com will do the same

 

[AdoptableDomains]

In the late 90's they were as popular as godaddy has become now. They basically offered the same registration price as NSI, but added some better features and interface as well as advertised highly to the general public.

BTW, at one time they also owned afternic.com, but sold that division off to those who run it now.

 

[deet]

If that site is worth 200M imagine what godaddy is worth?

 

[Riceman]

If that site is worth 200M imagine what godaddy is worth?

Probably less

register.com revenue was 100 Million, at 35.00 a name gross their margines are very heavy

 

[GeneCosta]

Amazing stuff. I wouldn't mind getting a 200 million check about now..

 

[domain.addict]

Amazing stuff. I wouldn't mind getting a 200 million check about now..

Neither would I. This is a great sale and if I was Vector Capital I would try to increase Register.com's popularity to rival GoDaddy, Enom, etc.

 

[NickRac]

must be nice...

 

[Venolus]

Its one of the most popular names
Great achievement

 

[deet]

Neither would I. This is a great sale and if I was Vector Capital I would try to increase Register.com's popularity to rival GoDaddy, Enom, etc.

I think it will take alot to pull godaddys customer base away.
I say Godaddy will remain #1 for years to come.

 

[ThreeD]

that's where I registered my first domain ever (ages ago) Will be interesting to see what happens to the domain now..

 

[Joey]

Wow, nice sell!