Reglikedomain industry desk

Web.com is now a private firm

Siris Capital takes Web.com private.

It’s official: Web.com is now a private firm.

Shareholders approved an buyout by Siris Capital Group yesterday. They got a bit of a bump from when the deal was originally disclosed at $25.00 per share; all shareholders received $28.00 per share. The deal was regarding $2 billion counting debt.

Web.com owns Network Solutions and Register.com, two high-priced registrars. It also owns SnapNames and a 50% stake in rival expired domain service NameJet. Web.com owns a portfolio of domain names it has captured from the expiry stream as well.

The firm has struggled to find its footing of late and was facing investor pressure.

Web.com traded under the symbol WEB on the NASDAQ.

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