Neustar traded on the NYSE under the symbol NSR has a market cap of roughly $2.16 billion, today after the close they announced the acquistion of the company behind the .CO extension.
Neustar is acquiring .CO Internet S.A.S for $109 million. Neustar recorded $4 million in revenue for its role as the back-end provider for .CO Internet, which will be eliminated upon consolidation.
Neustar is proud to announce the acquisition of .@dotco .CO Internet will expand Neustar’s registry services http://t.co/xpv8XLDRHe
— Neustar (@Neustar) March 20, 2014
.CO Internet exited 2013 with an annual revenue run-rate of $21 million. There are currently just over 1.6 million .co domains registered, Neustar manages the .US and the .BIZ extensions as well.
Neustar is unchanged in after hours trading.
Congrats to Juan Diego Calle, Lori Anne Wardi and the team at .CO.
