Web.com Buys Network Solutions
Web.com (WWWW), a provider of online marketing services for small businesses, has bought Network Solutions, a top domain provider, for $560 million.
The deal offered Network Solutions $405 million in cash and 18 million shares of stock.
If the rumored price of what Go Daddy sold for is any indication ($2.25 billion), it seems that Web.com was on the better end of the bargaining for this deal.
As a result of Web.com’s new acquisition, trading shares have increased 24 percent, making the deal valued around $600 million.
Web.com’s domain growth continues with the attainment of Network Solutions, which is currently the fourth largest registrar. Web.com also already owns Registrar.com, which is the tenth largest registrar.
But although Web.com has gained more than 6,000 domains with the purchase of Network Solutions, Go Daddy still remains the largest domain provider with more than 30 percent of the domain market share and more than 40,000 domains.