Endurance International acquires Constant Contact for $1.1 billion - The acquisition machine continues.
Endurance International Group (NASDAQ: EIGI) has acquired email marketing company Constant Contact for $1.1 billion in an all-cash deal.
Shares in Constant Contact (NASDAQ: CTCT) closed Friday at $26.10, for a market cap of about $840 million. Endurance is paying $32.00 per share, and shares in Constant Contact have jumped in pre-market trading.
Endurance is paying for the acquisition with debt financing of up to $1.085 billion from Credit Suisse AG and an affiliate ... read more ...
Tag Archives: endurance international group
Mon 2nd November 2015
Mon 21st September 2015
Endurance CEO takes money compensate cut, with intensity large share payday - Ravichandran could get up to 3.7 million additional shares of EIGI stock.
Endurance International Group CEO Hari Ravichandran is taking a big cash pay cut in return for shares in the company if it hits free cash flow targets.
Ravichandran’s annual salary will be reduced from $750,000 to $200,000 and he won’t receive any cash bonuses for 2015, 2016 and 2017.
The upside: the potential to get another 3.7 million shares in the company over the next three years. Shares currently trade for $14 a share, ... read more ...
Mon 24th August 2015
One domain name batch is indeed adult today - Endurance manages to eek out small gain so far today.
The DOW opened down 1,000 points today. It has since recovered a bit, but it’s a safe bet that your stock portfolio took a hit today.
One domain name stock is actually bucking the trend. Shares of Endurance International Group (NASDAQ: EIGI) are up $.12 at the time of writing, to $15.30. Sure, it’s less than a 1% jump, but every other domain name stock I track (GoDaddy, Rightside, Web.com, Verisign, CentralNic, Minds + Machines, Neustar) is ... read more ...
Mon 23rd March 2015
Weebly introduces module for domain name registrars and hosts - Reseller program allows hosts and registrars to offer Weebly website builder tools.
Website builder Weebly launched a new program for domain name registrars and webhosts today, enabling them to offer Weebly’s website creation tool to their customers.
NameCheap and Endurance International Group (which owns a number of hosting companies and Domain.com) are initial customers of the new Weebly for Hosts.
Weebly for Hosts is essentially a reseller program, allowing companies to offer a simple website ... read more ...
Tue 4th November 2014
Why Endurance bought BuyDomains, and because a cost competence make sense -
BuyDomains is a natural fit for Endurance, and you need to look at more than price-per-domain to understand its value.
Endurance International, a $2.1 billion (market cap) rollup of hosting and domain name companies, announced this morning that it acquired BuyDomains from NameMedia.
The tie-up makes sense for Endurance, which is generally considered the #2 domain name registrar in terms of domains under management. It will now be able to sell its massive customer ... read more ...
Mon 12th August 2013
Lisa Box joins Endurance International -
Box leaves Moniker:SnapNames to take role with Endurance.
Lisa Box has joined Endurance International Group as Senior Director of Domains, the company announced today.
Box has been in the domain name industry since 2007, when she joined Internet REIT as Vice President of Sales Marketing. She then joined Oversee.net as Senior Director of Sales. When Oversee.net sold Moniker:SnapNames to KeyDrive Group, she went along to the new company as Vice President of Business ... read more ...