30 Mar '16, 9pm

XYZ’s win-win $5 million proposition for 4 Rightside TLDs https://t.co/3j9XoNtgUx

Negari wins even if Rightside doesn’t take the deal. New TLD company XYZ offered $5 million for four of Rightside’s (NASDAQ:NAME) new top level domain names today. Whether Rightside accepts the offer or not, its CEO Daniel Negari will walk away a winner. Negari made the offer for .army, .dance, .dentist and .vet in a very public way on his blog . He personally owns 2.7% of Rightside’s outstanding shares, and XYZ COO Mike Ambrose owns roughly the same amount. They would like people to see value in Rightside’s new TLD portfolio. In his blog post, Negari noted that part of the reason for his offer was to “highlight the tremendous value Rightside’s registry component holds.” So even if Rightside rejects his offer, he might benefit from a higher valuation of the company. (Shares in Rightside were down slightly today even though he announced the offer during trading hours. He fi...

Full article: http://domainnamewire.com/2016/03/30/xyz-rightside-deal/

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