Reglikedomain industry desk

Its stake in MMX — Afilias sells

Its stake in MMX — Afilias sells

Afilias USA exits its position in fresh top level domain firm.

Domain name registry Afilias has sold its stake in top level domain name firm MMX (London AIM: MMX), also known as Minds + Machines.

The firm exited its 3.16% position in the firm yesterday, as stated by a regulatory filing. This coincides with a sizable share buyback by MMX.

I believe that Afilias obtained this ownership when MMX purchased ICM Registry, of which Afilias owned a stake.

The selling entity is listed as Afilias USA, Inc. It’s possible that Afilias owns shares through other entities.

A representative from Afilias declined to comment.

With a market cap of regarding £41 million, Afilias’ stake would have been worth £1.3 million.

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