Donuts Wants To Acquire All of Rightside’s new gTLDs For $70 Million

Donuts has recently expressed its intention to acquire all of Rightside’s new gTLDs and related assets for $70 million.

You can read the press release after the jump :

“Donuts Inc., the world’s largest operator of new domain name extensions, today publicly announced its interest in acquiring Rightside Group, Ltd.’s entire registry of generic top-level domains (gTLDs, also known as domain extensions) and related assets for $70 million in an all-cash deal. Donuts believes that this potential transaction presents a strong strategic opportunity to bolster Donuts’ industry-leading gTLD portfolio and is compelling for Rightside and its investors. Donuts previously expressed its interest to Rightside relating to a potential acquisition for these assets but Rightside has repeatedly disregarded the offer.

This move is in keeping with Donuts’ stated strategy of expanding its selection of not-com domain extensions, such as .movie, .LTD, .agency, .email, .school, .group, and many more, each providing a more descriptive and creative means for big brands, entrepreneurs, and dreamers alike to brand their businesses, products and services. Donuts already leads the industry, having secured 196 domain extensions, and is best positioned to market these assets by driving industry consolidation.

Donuts’ Acquisition of Rightside’s Registry Business – A Win for All Parties

Separating Rightside’s registry and registrar businesses is the best approach to unlocking value in both businesses, providing Rightside with substantial capital for investor liquidity and the optionality to invest in and grow its core registrar businesses.
The proposed acquisition complements Donuts’ current portfolio and expands the range of domains and related services that Donuts can offer, further enhancing what is already the greatest portfolio of domain extensions.
Donuts is the optimal acquirer for Rightside’s registry business given Donuts’ leadership in the marketplace, the parties’ long-standing business relationship, our shared technology platform, and regulatory considerations, all of which ensure the highest certainty of deal closure.”

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