CVC acquires majority stake in Namecheap for $1.5 billion
CVC Capital Partners has announced an agreement to acquire a majority stake in Namecheap, one of the largest independent domain registrars and hosting providers. The deal values the company at around $1.5 billion, including debt. The transaction is at the announcement stage and will be subject to regulatory approvals before closing.
Richard Kirkendall, founder and CEO of Namecheap, will remain with the company, retaining a significant shareholding and continuing to oversee its operations. This e...
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