Domainz sale as early as next week

InternetNZ is going through the "final bits and pieces" of the sale of Domainz, and a sale may be announced as early as next week.

InternetNZ is going through the “final bits and pieces” of the sale of Domainz, and a sale may be announced as early as next week.

Peter Macaulay, InternetNZ’s executive director, says the sale process is “going well” and final due diligence is being performed in case there had been recent issues affecting the registrar’s value.

Macaulay says a preferred buyer has been chosen, but until a deal was inked discussions would remain open with each remaining bidder.

“We’re running with one but we have got to have a fallback position too,” he says.

It’s thought that potential buyers still involved with the sale process include Australian registrar Melbourne IT, and an offer from Domainz staff members.

Macaulay won’t comment on the parties involved in the bidding process, including those whose bids have already been rejected, although he did confirm that two of the 12 original bids were from Australian companies.

Join the newsletter!

Error: Please check your email address.

Tags domainz

More about Melbourne IT

Show Comments
[]