Cannell

  • 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- 19 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- 9 readers -
  • Rightside rejects Negari’s $5m new gTLD offer

    … Rightside has turned down Daniel Negari’s $5 million offer to acquire four of its new gTLDs, according to Negari. The XYZ.com CEO told DI via email tonight: I was looking forward to operating .Army, .Dance, .Dentist, and .Vet under the XYZ umbrella. I’m disappointed that Rightside didn’t entertain my offer, especially since I believe $5MM…

    Kevin Murphy/ DomainIncite- 13 readers -
  • Schilling agrees with activist Rightside investor

    …. He said he agrees with 7.32% shareholder J Carlo Cannell, who says that Rightside should get rid of some of its weaker new gTLDs. Cannell, of Cannell Capital, is demanding Rightside lay off one in five of its staff, dump its weakest new gTLDs, and refocus the company on its eNom registrar business. He’s threatening to launch a proxy fight…

    Kevin Murphy/ DomainIncite- 13 readers -
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