Homes and Property | Home Page

Virtual Internet in £12m Register deal

12 April 2012

IT services group Virtual Internet is to be bought by US rival Register.com in a £12 million deal, it emerged today.

London-based Virtual, a provider of online intellectual property protection and web hosting services, first revealed it was in takeover talks in December but the discussions ground to a halt last week.

However, Virtual and New York-based Register - which specialises in domain names - have since resumed talks and today the directors called on shareholders to approve the final cash offer.Virtual chairman William Slee said the deal would be a significant development for the company.

He added: "Having achieved much in the last few years, the board considers the company will be better able to execute its strategy as part of the Register.com group, which has greater resources and presence in complementary international markets."

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in

MORE ABOUT

Corporate Finance
Internet
Mergers And Acquisitions
Virtual Reality