Network Solutions Acquired By General Atlantic

Tuesday, February 6th, 2007

J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

We’re just getting news that domain name registrar (the original one) Network Solutions has been acquired by General Atlantic, a private equity firm. The price hasn’t been disclosed, but it will be leaking soon.

Network Solutions was the original domain name registrar and was part of Verisign until it was spun off in 2003. Since that time, they’ve lost a stupendous amount of market share to discount operations like GoDaddy, eNom and others. They now have about 6.6 million domain names under management.

Update:
As I suspected, the price is leaking all over the place. The rumor is this was an $800 million deal.

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