01 Mar '14, 2pm

acquires SnapNames

Part-owner of NameJet acquires competing service SnapNames. Web.com (NASDAQ: WWWW) has acquired expired domain name service and domain marketplace SnapNames from KeyDrive. The deal will formally be announced on Monday after the closing bell, Domain Name Wire has learned. Web.com employees tweeted about the acquisition yesterday afternoon. Web.com marks the third corporate parent of SnapNames since 2007. In 2007 Oversee.net acquired the company. It then sold it to KeyDrive (along with domain name registrar Moniker) in 2012. SnapNames ended up being a bad investment for Oversee.net. Shortly after the acquisition, Network Solutions (now part of Web.com) decided to pull its expired domain inventory from the service and partner with Demand Media on a competing service, NameJet. It turns out Oversee.net was aware Network Solutions was going to do this prior to closing the deal, ...

Full article: http://domainnamewire.com/2014/03/01/web-com-acquires-sna...

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domainnamewire.com 03 Mar '14, 10pm

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dnjournal.com 03 Mar '14, 9pm

integration of the two businesses, we ask that all current SnapNames customers and partners continue to use their existing...