CentralNic has announced the purchase of multiple portfolios of premium ‘.com’ domain names, for an aggregate consideration of £2.5m, satisfied from existing cash resources. The portfolios, which are comprised of mid-priced domains where trading is relatively liquid, have been opportunistically acquired at an attractive discount to current market rates. This significant restocking of the inventory of premium domains for trading, which is part of the Enterprise division, is e
09 Jan 2018
Purchase of premium domain name portfolios for £2.5m
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Purchase of premium domain name portfolios for £2.5m
Team Internet Group plc (TIG:LON) | 136 -0.8 (-0.4%) | Mkt Cap: 351.8m
- Published:
09 Jan 2018 -
Author:
Bob Liao, CFA -
Pages:
4
CentralNic has announced the purchase of multiple portfolios of premium ‘.com’ domain names, for an aggregate consideration of £2.5m, satisfied from existing cash resources. The portfolios, which are comprised of mid-priced domains where trading is relatively liquid, have been opportunistically acquired at an attractive discount to current market rates. This significant restocking of the inventory of premium domains for trading, which is part of the Enterprise division, is e