Wednesday, October 2, 2013

Sedo to go private as United Internet buys out co-founders

Sedo will no longer be a separate, publicly traded company. United Internet AG has raised its stake in Sedo Holding to 96.05% after buying out the co-founders’ shares at a price of 2.60 euros per share. United Internet plans to integrate Sedo Holding’s affiliate and domain business into its overall business. The company will initiate a “squeeze-out process” at Sedo over the coming weeks.

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