SAN FRANCISCO, CA - It was revealed this week that “chat.com” was purchased by San Francisco, California-based artificial intelligence (AI) research organization OpenAI for over $15 million, marking the third time the domain has changed hands in just two years. HubSpot founder Dharmesh Shah originally purchased Chat.com last year for $15.5 million; he then flipped it for an unspecified amount reported to be “well over $15 million” – with the entrepreneur writing at the … [Read more...]
Domain Registrar, Site Builder Squarespace Purchased by Permira for $6.9 Billion
NEW YORK, NY - Private-equity firm Permira has entered into a deal with Squarespace to acquire the website-building platform and domain host/registrar in an all-cash deal valued at $6.9 billion, according to an announcement made this week by both companies. The deal involves Permira paying approximately a 30 percent premium to Squarespace’s unaffected share price, which comes to $44 a share in cash; as a part of the transaction, the publicly-traded web company – … [Read more...]