Earlier today, Donuts published a press release announcing it made an unsolicited $70 million cash offer to buy all of the new gTLD domain name extensions owned by Rightside. In the release, the company also shared the letter its CEO Paul Stahura wrote to Rightside CEO Taryn Naidu.
In this morning’s announcement, it was made clear that this wasn’t the first time Donuts had made an overture to acquire Rightside’s new gTLD domain names. This afternoon, Rightside issued its own press release in response to the public overture from Donuts. In it, the company stated that it would “evaluate any proposal to determine whether it is in the best interests of the Company and its shareholders.”
Here’s the full press release issued by Rightside this afternoon:
Rightside Group, Ltd. (NAME), a leading provider of domain name services that advance the way businesses and consumers define and present themselves online, confirms receipt of an unsolicited, non-binding proposal from Donuts Inc. to acquire Rightside’s entire registry of generic top-level domains and related assets for $70 million in an all-cash deal.
Rightside appreciates Donuts’ interest in these assets and also shares their enthusiasm for the Registry business. The Company’s Board of Directors and management team remain committed to maximizing long-term shareholder value and as such they will evaluate any proposal to determine whether it is in the best interests of the Company and its shareholders.
Source
In this morning’s announcement, it was made clear that this wasn’t the first time Donuts had made an overture to acquire Rightside’s new gTLD domain names. This afternoon, Rightside issued its own press release in response to the public overture from Donuts. In it, the company stated that it would “evaluate any proposal to determine whether it is in the best interests of the Company and its shareholders.”
Here’s the full press release issued by Rightside this afternoon:
Rightside Group, Ltd. (NAME), a leading provider of domain name services that advance the way businesses and consumers define and present themselves online, confirms receipt of an unsolicited, non-binding proposal from Donuts Inc. to acquire Rightside’s entire registry of generic top-level domains and related assets for $70 million in an all-cash deal.
Rightside appreciates Donuts’ interest in these assets and also shares their enthusiasm for the Registry business. The Company’s Board of Directors and management team remain committed to maximizing long-term shareholder value and as such they will evaluate any proposal to determine whether it is in the best interests of the Company and its shareholders.
Source
