Cannell

  • Activist investor says eNom was sold too cheap

    … J Carlo Cannell, the activist investor who has been circling Rightside for the last year or so, was unimpressed with the company’s recent sale of eNom to Tucows. In a letter published as a Securities and Exchange Commission filing last week, Cannell announced that he has started up a support group for fellow “concerned” investors…

    Kevin Murphy/ DomainIncite- 18 readers -
  • Rightside sells eNom to Tucows for $83.5m

    …. Activist investor J Carlo Cannell, supported by fellow investor and Uniregistry CEO Frank Schilling, a year ago accused Rightside of putting too much emphasis on “garbage” new gTLDs instead of its more profitable registrar businesses. Since then, Rightside has rebuffed separate offers for some or all of its gTLDs by rivals Donuts and XYZ.com. Last…

    Kevin Murphy/ DomainIncite- 25 readers -
  • Rightside refuses Donuts “opportunistic” $70m gTLD offer

    … dissatisfaction with Rightside’s success rate with new gTLDs today. Activist investor J Carlo Cannell and Uniregistry CEO Frank Schilling, both of whom own small but significant chunks of Rightside, have called on the company to get rid of some of its under-performers. By announcing the offer publicly — apparently after months of private offers…

    Kevin Murphy/ DomainIncite- 21 readers -
  • Rightside to modernize eNom, predicts $75m new gTLD revs

    … year over five years to hit the low end of its target. Naidu told analysts that one factor built into this projection is that third-party registrars will start to sell just as many new gTLD domains as Rightside’s registrars do. Currently, Rightside sees 15% to 20% new gTLD, but with others it’s 3% to 5%, he said. Naidu said he expects margins…

    Kevin Murphy/ DomainIncite- 13 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- 17 readers -
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