According to tweets from two employees of Web.com this evening, Snapnames was acquired by the publicly traded company. I don’t have details about the reported deal, and I can’t find a press release announcing the news, but I understand that Web.com CEO David Brown informed employees of the deal earlier today.
Snapnames and NameJet are two of the main auction houses for expiring domain names. NameJet is a joint venture between Demand Media and Web.com, and it remains to be seen what will happen now that these two companies reportedly share the same owner.
I assume more details about the reported deal will be made public soon, especially given the fact that Web.com is a publicly traded company and will likely have to disclose details about a transaction. Once I hear more and receive an official confirmation of this deal, I will pass it along.
We just bought another company with more huge upside: SnapNames = global domination here at http://t.co/CGM2rkgFeF
— Burne Hill (@burnehill) February 28, 2014
Happy to welcome Snapnames as the newest addition to the http://t.co/y0lOzdx0mW group!
— Christie Kelly (@christielkelly) March 1, 2014