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Afilias sells its stake in MMX

Afilias USA exits its position in new top level domain company.

Domain name registry Afilias has sold its stake in top level domain name company MMX (London AIM: MMX), also known as Minds + Machines.

The company exited its 3.16% position in the company yesterday, according to a regulatory filing. This coincides with a large share buyback by MMX.

I believe that Afilias obtained this ownership when MMX acquired ICM Registry, of which Afilias owned a stake.

The selling entity is listed as Afilias USA, Inc. It’s possible that Afilias owns shares through other entities.

A representative from Afilias declined to comment.

With a market cap of about £41 million, Afilias’ stake would have been worth £1.3 million.

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