Tuesday, 10 September 2013
Deal Alert: Web domains firm Directi to be acquired by US-based Endurance Intl for $110-M
Posted on 21:09 by Unknown
US-based Endurance International, owner of Domain.com and HostGator, will spend up to $110 million in buying Mumbai-headquartered Directi, India’s largest domain registrar. Endurance plans to raise up to $400 million in a Nasdaq IPO and part of the funds will be spent on buying Directi. The acquisition depends on a number of targets related to the IPO and Directi’s revenue performance.
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