The big domain name industry news last week was the revelation that Donuts made a $70 million cash offer to Rightside to buy the publicly traded company’s new gTLD domain name extensions. Within several hours after the news of the offer was announced, Rightside issued its own press release to announce that it would give the offer (and any other offers) due consideration.
I am curious about whether you think Rightside should accept this offer and sell its new gTLD extensions. This decision is important because the company needs to do what’s right for its employees and shareholders now and in the future, and the outcome of this decision could have a big impact on the company.
I am not asking if you think they will or will not accept the offer, but rather if you think they should accept the offer. Vote in the poll below and share your thoughts: → Read More
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 → Read More
A press release just hit the wires that I think most in the domain name industry will find interesting. In it, Donuts outlines an offer it made to acquire Rightside’s new gTLD extensions, and it includes a letter the company sent to Rightside CEO Taryn Naidu. I would imagine this was made public because Rightside is a publicly traded company on the Nasdaq market (ticker symbol: NAME).
According to the press release that I shared below, Donuts offered $70 million to buy all of Rightside’s new domain name extensions:
“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.”
Earlier this year, Daniel Negari made a public $5 million offer to Rightside to acquire four of its extensions. The offer, which was published on the CEO.XYZ blog, was made to acquire .Army, .Dance, .Dentist and .Vet. This offer was swiftly rejected by Rightside.
According to Rightside’s website, the company operates a “growing portfolio of over 30 Top Level Domains.” It looks like nTLDStats.com shows that Rightside has 40 extensions, but I am not sure if that number includes extensions in which they may have partial ownership stakes that might not be included in Donuts’ public offer.
According to Yahoo Finance, as of 10am this morning, Rightside has a market cap of $166.66M and is trading at $8.68/share. The stock is down on the day, although it is likely related to much of the market being down due to the Brexit vote.
Here is the press release announcing the offer. This is going to be interesting to follow: → Read More
A UDRP has been filed against DeCecco.com at the World Intellectual Property Organization (WIPO). It is WIPO Case D2016-1273. The complainant in this UDRP is listed as F.lli De Cecco S.p.A.
The DeCecco.com domain name sounded familiar to me because I was a bidder when it went to auction at NameJet in 2013. There were 42 bids placed in the auction from 29 bidders, and the domain name sold for a modest $505. A historical Whois search at DomainTools just prior to the original auction shows the registrant as “Pending Renewal or Deletion,” so this leads me to believe it was an expired domain name auction at NameJet.
DeCecco.com was listed again in a private auction at NameJet in February of this year. The high bid in this most recent auction was → Read More
I am sure it is exciting for some sellers to learn that their domain names were sold on one of the popular domain name sales marketplaces. According to GoDaddy’s Joe Styler, there is a phishing email making the rounds that tries to confuse the recipient into thinking their domain name was sold via GoDaddy.
Attorneys Jason Schaeffer and Ari Goldberger of ESQwire.com are having a great week. Earlier today, I wrote about their successful defense and RDNH finding on the Uniks.com UDRP and the successful defense of the Meryl.com UDRP. This afternoon, Jason Schaeffer shared a third UDRP victory the law firm scored on behalf of a client.
In the yet to be published online UDRP decision at the World Intellectual Property Organization (WIPO), ESQwire successfully defended the galec.com domain name on behalf of its registrant. The complainant in this UDRP filing was listed as Societe Cooperative Groupements d’Achats des Centres Leclerc, SC GALEC.
Here is an excerpt from the decision that is most relevant to the finding that the complaint was denied: → Read More