I just received some breaking news from Enom that I want to share with you. According to the email I received, Tucows has acquired Enom from Rightside. Both Tucows (TCX on NASDAQ) and Rightside (NAME on NASDAQ) are publicly traded companies. A press release published by Tucows reports that “Tucows will pay $83.5 million and the transaction is expected to be immediately accretive to earnings.” As noted in the press release, this deal will make the combined company the second largest domain registrar in the world behind GoDaddy.
I have not yet had time to think about the implications of this (or rationale for this deal). I am curious about why Rightside decided to sell Enom and what will happen with Rightside’s other domain registrar, Name.com, which it acquired in 2013 when Rightside was part of Demand Media. I am curious what will come of the relationship with NameJet, both on the buy and sell side since Tucows has a relationship with GoDaddy on its expiring inventory. I am also curious about how the Enom customer support and account management will change under new ownership. These things will become more clear in the coming days.
Here is the announcement I received this morning: