Last night, I received a press release from a PR firm announcing that Web.com reached a deal to acquire Dreamscape Networks, “the number one online solutions provider in Australia and Southeast Asia.” Dreamscape Networks is a publicly traded company on the ASX (Australian Securities Exchange).
Web.com is reportedly paying AUD $.27 cash per share of Dreamscape Networks to acquire the company. An Australian media outlet reported the total value of the deal at AUD $105 million, which is just north of $73 million USD. The acquisition is aimed at broadening Web.com’s global reach.

Undeveloped, a domain name sales platform and marketplace, announced it was undergoing a rebranding. The company will now be known as