Featured Domains

register.to

Web.com buys Dreamscape for USD $73 million

Registrar buys registrar with big presence in Australia.

screenshot of CrazyDomains.com.au, an Australian domain name registrar
Web.com bought the company that owns CrazyDomains

Web.com is bolstering its business Down Under.

The domain registrar and hosting company is buying Dreamscape Networks Limited (ASX: DN8) for AUS $105.2 million, or about USD $73 million. The company employs 600 people.

Dreamscape is known for its flagship registrar CrazyDomains, which focuses on the Australian market. It also owns Singapore’s Vodien, which it bought for USD $23 million in 2017.

The company had total 2018 fiscal year revenue of $61.6 million and a net profit after tax of $2.7 million. It reported an adjusted EBITDA of $10.3 million. For the second half of calendar year 2018, the company had revenue of $35.5 million.

Its revenue is split fairly evenly between domain names and hosting services.

The acquisition price is at a 32% premium to the closing price of Dreamscape shares on July 19.

The companies hope to close the transaction by October.

DomainAgents. What should you sell your domain for? Read our Domain Market Report Now. Sponsored.

Get Our Newsletter

Stay up-to-date with the latest analysis and news about the domain name industry by joining our mailing list.


No spam, unsubscribe anytime.

Reader Interactions

Comments

    Leave a Comment

Domain Name Wire | Domain Name News
%d bloggers like this: