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Domain Discussion
Domain Industry Companies
Rightside (unsurprisingly) says no to Donuts
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<blockquote data-quote="Andrew Allemann" data-source="post: 2258953"><p><strong>Company rebuffs offer for its new top level domain business.</strong></p><p></p><p><img src="http://domainnamewire.com/wp-content/rightside-logo.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />Rightside (NASDAQ:NAME) has turned down Donuts’ <a href="http://domainnamewire.com/2016/06/24/donuts-makes-70-million-unsolicited-offer-rightsides-new-tld-business/" target="_blank">unsolicited offer</a> to buy its top level domain name operations for $70 million.</p><p></p><p>The offer was for all 40 of Rightside’s top level domains, such as .ninja and .rocks, and probably also included Rightside’s backend registry operations.</p><p></p><p>Rightside CEO Taryn Naidu <a href="http://finance.yahoo.com/news/rightside-board-directors-rejects-donuts-130000007.html" target="_blank">said</a>, “We believe Donuts’ proposal is an opportunistic attempt to acquire Rightside’s valuable portfolio of domain extensions with an undervalued price and in a manner that would not be in the best interests of Rightside shareholders.”</p><p></p><p>I outlined the case against accepting the offer in <a href="http://domainnamewire.com/2016/07/05/matt-mullenweg-wordpress-interview/" target="_blank">this week’s podcast</a>, which I recorded before today’s news.</p><p></p><p>Rightside believes its future growth will come from new TLDs, and hopes for new TLD revenue of $50 million to $75 million a year in the not-too-distant future. The only reason I could see it accepting an offer to sell its new top level domain business is if it had a separate offer for the other part of its business.</p><p></p><p>When I asked Donuts CEO Paul Stahura in May when we could expect TLD industry consolidation, he said “When prices become more sane.”</p><p></p><p>Apparently, he believes $70 million is sane for Rightside, but Rightside doesn’t think so.</p><p></p><p></p><p><a href="http://domainnamewire.com/category/podcasts/" target="_blank"><img src="http://domainnamewire.com/wp-content/dnw-podcast-rss.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a></p><p>© DomainNameWire.com 2016. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) domainnamewire.com.</p><p></p><p><strong>Latest domain news at DNW.com:</strong> <a href="http://domainnamewire.com" target="_blank">Domain Name Wire</a>.</p><p></p><p>The post <a href="http://domainnamewire.com/2016/07/05/rightside-unsurprisingly-says-no-donuts/" target="_blank">Rightside (unsurprisingly) says no to Donuts</a> appeared first on <a href="http://domainnamewire.com" target="_blank">Domain Name Wire | Domain Name News & Views</a>.</p><p></p><p><span style="font-size: 15px"><strong>Related posts:</strong></span></p><p></p><ol> <li data-xf-list-type="ol"><a href="http://domainnamewire.com/2014/12/09/donuts-and-rightside/" target="_blank">Donuts and Rightside release 6 new domains on Wednesday </a></li> <li data-xf-list-type="ol"><a href="http://domainnamewire.com/2015/03/23/donuts-first-new-domain-names-are-starting-to-drop/" target="_blank">Donuts’ first new domain names are starting to drop… </a></li> <li data-xf-list-type="ol"><a href="http://domainnamewire.com/2016/06/24/donuts-makes-70-million-unsolicited-offer-rightsides-new-tld-business/" target="_blank">Donuts makes $70 million unsolicited offer for Rightside’s new TLD business </a></li> </ol><p></p><p><a href="http://domainnamewire.com/2016/07/05/rightside-unsurprisingly-says-no-donuts/" target="_blank">Continue reading...</a></p></blockquote><p></p>
[QUOTE="Andrew Allemann, post: 2258953"] [B]Company rebuffs offer for its new top level domain business.[/B] [IMG]http://domainnamewire.com/wp-content/rightside-logo.jpg[/IMG]Rightside (NASDAQ:NAME) has turned down Donuts’ [URL='http://domainnamewire.com/2016/06/24/donuts-makes-70-million-unsolicited-offer-rightsides-new-tld-business/']unsolicited offer[/URL] to buy its top level domain name operations for $70 million. The offer was for all 40 of Rightside’s top level domains, such as .ninja and .rocks, and probably also included Rightside’s backend registry operations. Rightside CEO Taryn Naidu [URL='http://finance.yahoo.com/news/rightside-board-directors-rejects-donuts-130000007.html']said[/URL], “We believe Donuts’ proposal is an opportunistic attempt to acquire Rightside’s valuable portfolio of domain extensions with an undervalued price and in a manner that would not be in the best interests of Rightside shareholders.” I outlined the case against accepting the offer in [URL='http://domainnamewire.com/2016/07/05/matt-mullenweg-wordpress-interview/']this week’s podcast[/URL], which I recorded before today’s news. Rightside believes its future growth will come from new TLDs, and hopes for new TLD revenue of $50 million to $75 million a year in the not-too-distant future. The only reason I could see it accepting an offer to sell its new top level domain business is if it had a separate offer for the other part of its business. When I asked Donuts CEO Paul Stahura in May when we could expect TLD industry consolidation, he said “When prices become more sane.” Apparently, he believes $70 million is sane for Rightside, but Rightside doesn’t think so. [URL='http://domainnamewire.com/category/podcasts/'][IMG]http://domainnamewire.com/wp-content/dnw-podcast-rss.jpg[/IMG][/URL] © DomainNameWire.com 2016. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) domainnamewire.com. [B]Latest domain news at DNW.com:[/B] [URL='http://domainnamewire.com']Domain Name Wire[/URL]. The post [URL='http://domainnamewire.com/2016/07/05/rightside-unsurprisingly-says-no-donuts/']Rightside (unsurprisingly) says no to Donuts[/URL] appeared first on [URL='http://domainnamewire.com']Domain Name Wire | Domain Name News & Views[/URL]. [SIZE=4][B]Related posts:[/B][/SIZE] [LIST=1] [*][URL='http://domainnamewire.com/2014/12/09/donuts-and-rightside/']Donuts and Rightside release 6 new domains on Wednesday [/URL] [*][URL='http://domainnamewire.com/2015/03/23/donuts-first-new-domain-names-are-starting-to-drop/']Donuts’ first new domain names are starting to drop… [/URL] [*][URL='http://domainnamewire.com/2016/06/24/donuts-makes-70-million-unsolicited-offer-rightsides-new-tld-business/']Donuts makes $70 million unsolicited offer for Rightside’s new TLD business [/URL] [/LIST] [url="http://domainnamewire.com/2016/07/05/rightside-unsurprisingly-says-no-donuts/"]Continue reading...[/url] [/QUOTE]
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