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CentralNic Advances “Years Ahead” With Internet.BS Acquisition

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CentralNic LogoCentralNic, a publicly traded registry service provider that trades on the London Stock  Exchange, has acquired Internet.BS, a ICANN  accredited domain registrar based in the Bahamas. According to Gregg McNair, Internet.BS Chairman, the registrar is approaching 800,000 domain names registered and the company has registrants in 199 countries. Reuters reports the deal is a mix of cash and stock, and it has a "maximum consideration of $7.5 mln."

This strategic acquisition gives CentralNic a direct relationship with domain registrants. Prior to the deal, the company's primary focus was its registry service provider business, although it operated a few consumer facing portals such as www.la,  Buydomains.london, and  Buy.menu.

Commenting to DomainInvesting.com, CentralNic CEO Ben Crawford said, "acquiring Internet.bs with its entire team has put us (more…) → Read More