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    Highlights of the ICANNWatch Archive
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    This discussion has been archived. No new comments can be posted.
    Could Verisign's Registrar Acquisitions Help Industry & Hurt Verisign? | Log in/Create an Account | Top | 7 comments | Search Discussion
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    Re: Could Verisign's Registrar Acquisitions Help I
    by Anonymous on Thursday June 21 2001, @11:06AM (#934)
    VeriSign paid less than $9m for Registrars.com. And while Registrars may not have been losing money, Network Commerce, its parent is certainly financially troubled. It's currently fighting off a Nasdaq delisting.
    [ Reply to This | Parent ]
    Re: Could Verisign's Registrar Acquisitions Help I
    by larry on Sunday June 24 2001, @06:02AM (#953)
    User #2751 Info
    I don't agree that the press release indicates that they paid 9 million. This is what the press release says:

    "Under the terms of the transaction, VeriSign, Inc. agrees to pay Network Commerce all cash
    for Registrars.com. As of June 18, 2001, the Company's cash position was approximately
    $9.0 million or approximately $1.67 per share."

    You are trying to infer a price paid for registrars.com from the cash position of the parent company or the value of the stock of the entire company. The value of a part of a company could easily be more than the entire company when various liabilities are taken into account.

    If they wanted to disclose what was paid for registrars.com they would have stated what they paid for the company.
    [ Reply to This | Parent ]


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