25 Jun '11, 3am

Tucows & Demand Shares Benefit From Godaddy.com Reported Buyout

Shares of both Demand Media (NYSE: DMD) and Tucows (TCX) had nice gains in the stock market on Friday following on the heals of the pending sale of Godaddy.com for up to $2.5 Billion which is expected to be announced officially on Tuesday. As we reported in our story about the possible sale of Godaddy.com earlier today , Demand which had previously been seen as some as overvalued at a market cap of just over $1 Billion may now seem cheap as they own the world’s 2nd largest registrar, Enom in addition to one of the most visited web networks, eHow. Shares of Demand rose almost 9% in trading on Friday closing at $14.60 the high for the day giving it a market cap of $1.2 Billion. Also benefiting from today’s Godaddy buyout rumors was Tucows.com, which is the world’s third largest registrar which was up over 7% giving it still ridiculously low (IMHO) market cap of just $43 mill...

Full article: http://www.thedomains.com/2011/06/24/tucows-demand-shares...

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