Network Solutions Fetches $560 Million
Web.com Group Inc., a provider of online marketing and website services to small and medium-sized business, has agreed to acquire Network Solutions, one of the largest Internet domain-name registrars, for about $560 million in cash and stock.
The deal marks continued consolidation in the Internet domain-name space. Network Solutions competes with GoDaddy Group Inc., which agreed last month to sell itself to private-equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures for $2.25 billion, including debt. GoDaddy.com, the company’s flagship Web property, is the world’s largest registrar of domain names.