United Internet bulks up by 1.1 million domain names.
United Internet AG, parent company of 1&1 and Sedo, has purchased domain registrar united-domains AG from LYCOS Europe for about EUR 34M. The final transaction price will depend on united-domains AG’s financial results for 2008.
united-domains AG manages about 1.1 million domain names for 180,000 customers, and is Germany’s second largest domain registrar. The company was founded in 2000 and is still run by founders Florian Huber (CEO), Alexander Helm and Markus Eggensperger, who will own around 15% of the company in the future.
The transaction is expected to be completed in the first quarter of 2009.
United Internet has a market cap of EUR 1.22 billion. Domainers probably recognize it as the owner of 1&1, a web hosting company that offers inexpensive domain registration services. 1&1 has about 4.6 million domain names under management according to RegistrarStats. But fewer people know that United Internet also owns domain brokerage Sedo, which is part of Adlink.
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