Vector Capital Acquires Register.com

[CrazyTech]

Domain Registrar, Register.com, is Bought and Taken Private

Register.com, Inc. (register.com)has been acquired by Vector Capital Corporation, a San Francisco-based private equity firm for $7.81 per share. The agreement was previously announced, and Register.com stockholders have now approved the actions.

Subject to satisfaction of customary closing conditions, Register.com currently expects to complete the merger in early November 2005.

Public holders of Register.com shares will receive cash consideration of $7.81 per share in the merger. Following the merger, Register.com will be privately held and Register.com shares will no longer be listed on The Nasdaq National Market.

Source: http://www.hostingtech.com/?m=show&id=977

 

[Sleepy-uk]

I dont trust those vector people...they own a cigarette company too as well as many others, they seem to be spreading too thin...

 

[Spirix]

I dont trust those vector people...they own a cigarette company too as well as many others, they seem to be spreading too thin...

Agreed.

I wonder how much the total cost was.

 

[CrazyTech]

http://www.vectorcapital.com/portfolio/Portfolio.asp

That's a portfolio about them. Admittedly, I don't know much about them but diversity is not a problem so long as you don't go too diverse. They've got some strong holdings.

 

[wildbest]

Register.com was their biggest mistake. Selling their stake now would result in a tremendous loss, so they have decided to take control hoping for the better future. But it is the second mistake! There are more than thousand ICANN accredited registrars out there!

 

[JMJ]

Great name
Searches done in September 2005
Count Search Term
21896 register.com,

Great customer base

#6 in standings out of those thousands

and CLS on the horizon. I don't see it as such a bad investment.

 

[wildbest]

... #6 in standings out of those thousands...

Yeap, but they were #2 when Vector invested there!

 

[Dave_Z]

There are more than thousand ICANN accredited registrars out there!

Actually about 531 based on the ICANN-accredited list. :D

Total number of registrations doesn't matter. As long as they're making money
despite the competition does.

This isn't unexpected, really. We'll be seeing more M&As since big businesses
can protect their domain names more easily and get more leverage to fixing all
and any urgent issues faster.

 

[CrazyTech]

The name itself is great - makes sense for the first time domain registration guy who decideds he wants hisname.com. I don't think it was a bad purchase at all, especially as users continue to come online and continue to become more aware of everything that they can do such a registering a name.