Oversee.net Receives $150 Million Investment
As discussed on TheDomains.com, Oversee.net received a commitment for a $150 million investment from Oak Hill Capital Partners. The transaction is expected to close by the end of January 2008. Oversee.net recently made news with their acquisition of domain registrar Moniker, and the transition to working as one collective unit has already begun. I received an email this afternoon with the subject, “SnapNames and Moniker Collaborate on Internext Domain Auction.”
According to Conde Nast publication Portfolio.com, “the funds will be used to boost growth and to acquire technologies that will enhance its suite of services.”
Let’s hope future acquisitions continue to help individual companies build upon the strong foundation of its buyer.
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