The private-equity firm said it is buying one of the oldest domain registration service providers for $200 million.
Aug 9, 2005
Vector Capital said Tuesday it will buy Register.com, a domain registration service provider, for $200 million in cash, marking the private-equity firm’s third acquisition of a struggling company in two months. San Francisco-based Vector Capital will pay $7.81 in cash for each Register share, a 21 percent premium over the closing price of $6.41 on June 8. That was the last trading day before another bidder, RCM Acquisition, made a hostile takeover attempt. That bid was thwarted.
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