CVC Strikes $1.5 Billion Deal for GoDaddy Rival Namecheap (7.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.
 

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