Overseas bid for Domainz

Bidders from New Zealand and overseas have been selected to proceed to due diligence in the sale of InternetNZ's domain name registrar, Domainz.

Bidders from New Zealand and overseas have been selected to proceed to due diligence in the sale of InternetNZ’s domain name registrar, Domainz.

InternetNZ is “exceedingly pleased” with the selected bids, executive Peter Macaulay says. “They all fitted in with what we considered a reasonable range.”

Twelve bids were received, and although Macaulay won’t say how many are proceeding to the next stage, he says the shortlist “is sufficiently small to allow the people to know that they’re being seriously considered".

The shortlist includes local and overseas offers, he says.

Although some bids had been received for only parts of Domainz, Macaulay says all the successful bidders had wanted all the Domainz business, “either in terms of shares or the operations".

The original timeline for the sale anticipates binding bids due by the end of July. “We’re sticking pretty close to that,” says Macaulay.

Tim Russell of Deloitte NZ is the sale advisor.

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