Comments on: Network Solutions bought for $20 million, sold for $800 million three years later http://foliovision.com/2007/05/31/network-solutions-bought-for-20-million-sold-for-800-million-three-years-later/ Making the web work for you Fri, 05 Sep 2008 22:06:17 +0000 http://wordpress.org/?v=2.2.3 By: Bill Sheridan http://foliovision.com/2007/05/31/network-solutions-bought-for-20-million-sold-for-800-million-three-years-later/#comment-20958 Bill Sheridan Tue, 29 Apr 2008 06:59:56 +0000 http://foliovision.com/2007/05/31/network-solutions-bought-for-20-million-sold-for-800-million-three-years-later/#comment-20958 That is not the best Network Solutions story. SAIC bought Network Solutions for about 5 Million so they could get a government contract. They kept the unit for a few years, took it public, and the stock went from $13 to over $400. SAIC sold it to Verisign for billions . . . then, Verisign, who paid way too much, had to write down the asset by billions only to sell Network Solutions it for $20 Million . . . And, Network Solutions has gone from 11.2 million registrations to just over 6 million in the last 7 years. Notwithstanding the fact that their price is an absolute rip off, their market share has steadily dwindled. Now you know the rest of the story. That is not the best Network Solutions story.

SAIC bought Network Solutions for about 5 Million so they could get a government contract. They kept the unit for a few years, took it public, and the stock went from $13 to over $400. SAIC sold it to Verisign for billions . . . then, Verisign, who paid way too much, had to write down the asset by billions only to sell Network Solutions it for $20 Million . . .

And, Network Solutions has gone from 11.2 million registrations to just over 6 million in the last 7 years.

Notwithstanding the fact that their price is an absolute rip off, their market share has steadily dwindled.

Now you know the rest of the story.

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