Cannell

  • Activist investor says eNom was sold too cheap

    … of the company a year ago. At that time, he called for the company to ditch its “garbage” new gTLD registries in favor of a focus on its higher-margin eNom business. He was supported by Uniregistry CEO Frank Schilling, then also a Rightside investor in addition to a competitor. Tweet Tagged: acquisition, cannell, enom, j carlo cannell, rightside, tucows …

    Kevin Murphy/ DomainIncite- 24 readers -
  • Rightside sells eNom to Tucows for $83.5m

    … Tucows is to become “the second largest registrar in the world” by acquiring eNom from Rightside, paying $83.5 million. The deal will give Tucows another 14.5 million domains under management and 28,000 resellers, giving it a total of 29 million DUM and 40,000 resellers. That DUM number, which appears to include ccTLDs, makes Tucows…

    Kevin Murphy/ DomainIncite- 34 readers -
  • Rightside refuses Donuts “opportunistic” $70m gTLD offer

    … evaluation, Rightside’s Board has determined that Donuts’ proposal significantly undervalues Rightside’s Registry assets. We believe Donuts’ proposal is an opportunistic attempt to acquire Rightside’s valuable portfolio of domain extensions with an undervalued price and in a manner that would not be in the best interests of Rightside shareholders…

    Kevin Murphy/ DomainIncite- 26 readers -
  • Rightside to modernize eNom, predicts $75m new gTLD revs

    … to be 20% at the EBITDA level. The revelation of these targets may go some way to address investor concerns that Rightside is putting too much effort into its new gTLD business at the expense of its cash-generating registrars. J Carlo Cannell of Cannell Capital expressed these views and others in March, and was supported by fellow investor Frank…

    Kevin Murphy/ DomainIncite- 14 readers -
  • Rightside rejects Negari’s $5m new gTLD offer

    … to grow revenue from its new gTLD portfolio has become the focus of attention due to the intervention of activist investor J Carlo Cannell of Cannell Capital, who reckons the company is paying too much attention to rubbish TLDs at the expense of its profitable registrar businesses. Negari thinks he would be able to grow .army, .dance, .dentist…

    Kevin Murphy/ DomainIncite- 17 readers -