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United Internet Buys United Domains Registrar

Posted on December 13th, 2008 by admin in Domain News | No Comments »

According to a report on Forbes.com, United Internet have agreed to buy internet domain registrar united-domains AG from Lycos Europe.

The deal will be settled in cash – the amount will be determined after united-domains posts its annual financial statements for its fiscal year but as things stand the deal is believed to be worth around 34 million euros ($45.11 million).

United-domains, founded in 2000, administers more than 1.1 million internet domain names for about 180,000 customers. The company is run by its founders Florian Huber, Alexander Helm and Markus Eggensperger, who will retain about 15 percent of the company.

United Internet is also the parent company of 1&1 and Sedo.

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