Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More
Internet services company Web.com purchased the domain registrar and hosting provider network solutions for $ 405 million in cash plus 18 million shares Web.com valuation of the transaction as $ 560.8 million
Network solutions, which now belongs to a private company General Atlantic provides domain registration, e-commerce, search engine optimation, other online services promotion, hosting and email millions of small businesses.
Web.com says, there's plenty of room for the sale of their SEO, Internet marketing, Facebook and mobile services network solutions two million retail customers and hundreds of thousands of wholesale customers.
Web.com said that the combined company will generate a non-GAAP revenue in the mid-$ 450 million range for 2011 and pro forma adjusted EBITDA of at least $ 120 million in 2011 and cost synergies and transaction costs.
Last year Web.com fired from 135 million dollars for Register.com.
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