A press release just hit the wires that I think most in the domain name industry will find interesting. In it, Donuts outlines an offer it made to acquire Rightside’s new gTLD extensions, and it includes a letter the company sent to Rightside CEO Taryn Naidu. I would imagine this was made public because Rightside is a publicly traded company on the Nasdaq market (ticker symbol: NAME).
According to the press release that I shared below, Donuts offered $70 million to buy all of Rightside’s new domain name extensions:
“Donuts Inc., the world’s largest operator of new domain name extensions, today publicly announced its interest in acquiring Rightside Group, Ltd.’s entire registry of generic top-level domains (gTLDs, also known as domain extensions) and related assets for $70 million in an all-cash deal.”
Wow.
Earlier this year, Daniel Negari made a public $5 million offer to Rightside to acquire four of its extensions. The offer, which was published on the CEO.XYZ blog, was made to acquire .Army, .Dance, .Dentist and .Vet. This offer was swiftly rejected by Rightside.
According to Rightside’s website, the company operates a “growing portfolio of over 30 Top Level Domains.” It looks like nTLDStats.com shows that Rightside has 40 extensions, but I am not sure if that number includes extensions in which they may have partial ownership stakes that might not be included in Donuts’ public offer.
According to Yahoo Finance, as of 10am this morning, Rightside has a market cap of $166.66M and is trading at $8.68/share. The stock is down on the day, although it is likely related to much of the market being down due to the Brexit vote.
Here is the press release announcing the offer. This is going to be interesting to follow:

