December 15, 2016

CentralNic sells domains portfolio worth $4.5 million

The company says that revenues are expected to grow by over 110%

This week, CentralNic announced that it has entered into its largest premium domain name sale agreement in a deal valued at $4.5 million.

The company entered into the agreement on December 13, 2016. According to the press release, CentralNic will receive $4.5 million consideration in cash, the proceeds of which will be utilized to further accelerate growth within the group.

The CentralNic Board confirmed that, as a result of this sale, the Company expects to finish the year with earnings in line with market expectations and substantially ahead of the same period last year. According to the PR, during 2016, CentralNic’s wholesale division retained its position as the global leader by volume, accounting for almost one in three of all new TLD registrations.

The company says that there are excellent prospects for future growth moving into 2017.

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