According to a press release that just hit the wires, Web.com acquired Tucows’ ownership stake in NameJet. With this acquisition, I believe that the auction platform is now solely owned by Web.com.
As you may recall, NameJet was initially a partnership between eNom and Network Solutions. The platform was owned by Demand Media, which owned eNom, and Web.com, which owned Network Solutions. Tucows acquired eNom in early 2017, and with its acquisition of the registrar, it also acquired a stake in NameJet.
My quick thought is that this will be good news for NameJet and its users. I presume that having two different publicly traded companies own NameJet could have been difficult to get things done. This should help streamline things for NameJet leadership, and hopefully it means Web.com will continue to invest in the platform. I am sure there are plenty of improvements that could be made, and having one owner should help in that regard.
It will be interesting to see what happens with the eNom expiry stream now that Tucows doesn’t have an ownership stake in the NameJet auction business. I believe Tucows has been sending its expired domain names to auction at GoDaddy Auctions. I think the majority of domain names I win on NameJet are registered at eNom, so that will be something to watch.
I am sure there is more to come….
The press release is below:
