CentralNic Group has announced the strategic acquisition of Idegeeo, a privately-owned domain name retailer registered in New Zealand. This acquisition creates value through vertical integration, creates upselling and cross selling opportunities and brings operational synergies. This is another positive announcement from the group in our view as they proactively deploy the capital raised through the recent €50m bond issue. We update forecasts following the announcements that all three ac
07 Aug 2019
Acquisitions complete
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Acquisitions complete
Team Internet Group plc (TIG:LON) | 143 -0.6 (-0.3%) | Mkt Cap: 371.2m
- Published:
07 Aug 2019 -
Author:
Bob Liao, CFA -
Pages:
12
CentralNic Group has announced the strategic acquisition of Idegeeo, a privately-owned domain name retailer registered in New Zealand. This acquisition creates value through vertical integration, creates upselling and cross selling opportunities and brings operational synergies. This is another positive announcement from the group in our view as they proactively deploy the capital raised through the recent €50m bond issue. We update forecasts following the announcements that all three ac