ICANN gives the nod to Donuts-Rightside merger

Discussion in 'Registrars' started by domainking131, Jul 18, 2017.

  1. domainking131

    domainking131 India Forum Leader Staff Member

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    ICANN has given its consent to the acquisition of Rightside by rival new gTLD registry Donuts, according to the companies.

    The nod means that one barrier to the $213 million deal has been lifted.

    Rightside, which is listed on Nasdaq, still needs the majority of its shareholders to agree to the deal and to satisfy other customary closing conditions.

    ICANN approval does not mean the organization has passed any judgment about whether the deal is pro-competition or anything like that, it just means it’s checked that the buyer has the funds and the nous to run the TLDs in question and is compliant with various policies.

    All new gTLD Registry Agreements given ICANN the right to consent — or not — to the contract being assigned to a third party.

    The acquisition was announced last month at the end of a turbulent year or so for Rightside.

    Source