As reported by Domainincite.com, Endurance International Group Holdings Inc, filed for an IPO to $400 million in an initial public offering of its common stock and plans on buying Directi for between $100 and $110 million Dollars. In buying Directi Endurance would also get Radix Registry which has 29 active new gTLD applications of which 26 are in contention. Endurance is also committing an … [Read more...]
Demand Increases Credit Facility From $105 Million To $225 Million
Demand Media (DMD) announced today that it has entered into a new $225 million credit facility comprised of a $125 million revolving credit facility and a $100 million term loan. The new facility, which matures in August 2018, replaces the Company’s existing $105 million revolving credit facility that was due to expire in August 2016. The new credit facility has an accordion feature under … [Read more...]
Google Buys Smart Watch Maker WIMM & Gets Category Killer SmartWatch.com Along With
Google acquired WIMM Labs a maker of "smart watches" last year according to TechCrunch.com and CNET.com "Google quietly snapped up Los Altos, Calif.-based WIMM Labs last year . WIMM Labs not only gives Google the talent and technology to build a smartwatch, but actually an Android-based app platform tailored for consumers’ wrists." What neither publication picked up on, is that not only … [Read more...]
Tucows.com Shares Hit 52 Week High
Shares of Tucows.com (TCX) hit a 52 week high in trading today. Shares of Tucows.com traded as high as $2.31 which is a 52 week high. As of publication Tucows.com is trading at $2.26 up $.10 on the day and has a trading range today of $2.10 to $2.31 Tucows.com has a market cap of $93 million dollars. Tucows.com 52 week low was $1.05 making a very nice return for investors. Tucows … [Read more...]
CentralNic Formally Announces September IPO
Today CentralNic, formally announced its plans for a September IPO on the AIM Market (“AIM”) of the London Stock Exchange. "CentralNic is a registry service provider which supports top level domains (“TLDs” such as .la) and second level domains (“SLDs” such as .uk.com), distributing and powering domain names that end with those TLDs and SLDs, such as www.artweek.la and … [Read more...]
Tucows Reports: Revenue Increases 11%; Sells Over $1 Million In Domain Names
Tucows.com reported its financial results for the 2nd Quarter ending June 30, 2013. Net revenue for the second quarter of 2013 increased 11% to a record $31.2 million from $28.2 million for the second quarter of 2012. Net income for the second quarter of 2013 was $0.6 million, or $0.01 per share, compared with $0.7 million, or $0.02 per share, for the second quarter of 2012. Cash and cash … [Read more...]
RBC: Demand Media New gTLD Initiative Could Be Worth More Than Its Registrar Business: enom.com, name.com
RBC issued an Equity Research Report today on Demand Media, Inc., the day after Demand Media, Inc, reported its second quarter earnings. Demand Media announced during the earnings report and the earnings call that followed that Google's Search algorithm continues to impact Demand's owned and operated site traffic negatively and to a greater extent than captured in estimates. Shares of … [Read more...]