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Domain Name Wire | Domain Name News & Website Stuff

Domain Name Industry News and Website Stuff

Featured Domains

Neustar (NSR) to go private in $2.9 billion deal

by Andrew Allemann — December 14, 2016 Uncategorized 4 Comments

Deal comes ahead of revenue plunge due to losing lucrative contract.

Domain name and marketing analytics company Neustar (NYSE: NSR) has entered into a deal to be acquired by private equity firm Golden Gate Capital in a transaction valued at approximately $2.9 billion, including debt.

The deal comes at a pivotal time for the company, which is about to lose its $500-million-a-year Number Portability Administration Center (NPAC) contract with the U.S. government. It has been on an acquisition binge to grow revenue in anticipation of losing the contract. Among the domain name companies it has acquired are .co and Bombora Technologies (which owns ARI Services).

In June, the company announced it was going to split into two separate companies: one to hold the remainder of the NPAC contract and the other to hold the rest of its businesses.

Going private is perhaps a better way to deal with the contract fallout than splitting into two publicly traded companies. It also opens up the possibility of divesting some of its assets more easily in the future.

Shares closed yesterday at $27.65; the offer is for $33.50 per share. Shares of Neustar are up 20% to $33.40 in pre-market trading.

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4 Comments Tags: golden gate capital, Neustar, nyse:nsr, topstory

Comments

  1. Nick says

    December 14, 2016 at 9:56 am

    YAY ME! Got a good amount of Neustar Stock

    Reply
    • Andrew Allemann says

      December 14, 2016 at 11:14 am

      Congrats!

      Reply
  2. Survivor says

    December 14, 2016 at 4:13 pm

    So glad that so many of us fled that POS company.

    Reply
  3. Frank Michlick says

    December 15, 2016 at 8:38 am

    I was considering buying more NSR stock before the split, but I held off since I thought the price was too high. Oh well.

    Reply

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