CVC Strikes $1.5 Billion Deal for GoDaddy Rival Namecheap (2.Viewing)

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CVC Capital Partners is closing in on buying a majority stake in Namecheap, in a deal that values the big domain registrar and web-hosting provider at about $1.5 billion including debt, according to people familiar with the matter.

The global buyout firm is expected to work closely with Richard Kirkendall, Namecheap’s founder and chief executive officer, who will retain a big stake in the company, the people said.
https://archive.is/i9vOk (without paywall)

https://www.wsj.com/business/deals/cvc-strikes-1-5-billion-deal-for-godaddy-rival-namecheap-a38fd014
 
Crap, here we go, innovation will get stifled in red tape.

Namecheap worked because it was mobile and agile with decisions being made and implemented daily.

As soon as a big corporation gets involved there are endless meetings before any decision gets made.

This will only hold namecheap/spaceship back and will be looked at as the beginning of another dan.com as CVC shovels it off to the highest bidder again.
 
Well, there goes the neighborhood.

It seems that whenever a company is getting a lot of hype for new products or services and mass-promoting their wares, it's really just a huge "BUY ME!" sign in disguise.

And although Richard would never sell out to GoDaddy, I am sure that those greedy bastards at CVC have no such ethics or restrictions. Probably the plan all along, as this provides Richard/NC with an evil middleman to blame.
 
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At least they didn't use that idiotic "partnership" lingo when describing the "we now own the company, but the founder will stay on as a figurehead for a year or so"-type buyout, as that's just downright insulting.

And once that negotiated "transfer period" is over with, ands Richard sails off to his new island, CVC will crank prices and try to start negotiations for GoDaddy to buy it.
 
I just knew someone would trot out the old "partnership" trope that stupid PR directors like to use in lieu of the more appropriate "buyout".

It's truly idiotic to use that term, as when CVC owns over 50% of NC+SS then there no longer a partnership, they're the boss. head man, top dog, big cheese, the head honcho...
 

So how much interest will he have with a billion in his pocket working for a buck a year.

I pulled my domains from DAN pretty well right away so I don't think I'll invest any big effort into spaceship as well.

  • DomainEasy is dead in the water
  • I found out saw charges 3% on credit card payment to the end client, thats basically on top of the 9%.
  • I think Bodis is not long for this world
  • GoDaddy is going to get even greedier
  • Atom is going to dictate more and more

So whats the answer?

A simple hosting package and your own landers, add umami webstats, use wise for payment and you are all set.
Any questions, feel free to ask, it's pretty easy to set up.
 
To anyone that thinks this is a good thing for customers... 🤣

Private equity really only benefits shareholders.

They will come in and enshittify everything.

Things will cost more as service and support go down in quality. That's how private equity bean counters operate.

It's a problem the domain world has where someone builds something good and it gets bought out and ruined. Over and over again.

Enshittification, also known as crapification and platform decay, is a pattern in which two-sided online products and services decline in quality over time. Initially, vendors create high-quality offerings to attract users, then they degrade those offerings to better serve business customers (such as advertisers), and finally degrade their services to users and business customers to maximize profits for shareholders.


Brad
 
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I just knew that 5% commission at Spaceship was a honeypot scam designed to get as many new customers are possible, then miraculously a private equity firm swoops in to buy them out. Coincidence, right?
 

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