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Endurance International purchases Constant Contact for $1.1 billion

Endurance International purchases Constant Contact for $1.1 billion

The buyout machine continues.

Constant ContactEndurance International Group (NASDAQ: EIGI) has purchased email marketing firm Constant Contact for $1.1 billion in an all-cash deal.

Shares in Constant Contact (NASDAQ: CTCT) closed Friday at $26.10, for a market cap of regarding $840 million. Endurance is paying $32.00 per share, and shares in Constant Contact have jumped in pre-market trading.

Endurance is paying for the buyout with debt financing of up to $1.085 billion from Credit Suisse AG and an affiliate of Goldman Sachs.

Constant Contact has more than 650,000 clients, many of whom are good candidates to purchase other services from Endurance firms.

Endurance International Group is a rollup of hosting and domain name firms. It owns Domain.com, HostGator and BuyDomains.

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