Endurance International Group (EIG) has sold for $3 Billion USD!

FranciscoFrancisco Hosting ProviderOG
edited February 2021 in Industry News

Didn't see this get announced in November, but it seems it finally closed yesterday:

Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") today announced the completion of its acquisition of Endurance International Group Holdings, Inc. ("Endurance") in an all-cash transaction valued at approximately $3.0 billion including outstanding indebtedness.

The transaction, which was originally announced on November 2, 2020, was approved by Endurance's stockholders on January 14, 2021. In connection with the closing of the transaction, Endurance will be delisted from NASDAQ.

I wonder if they'll start culling of a lot of the smaller companies and focus on the main breadwinners.

Francisco

Thanked by (3)hey mikho Unixfy

Comments

  • Man, someone really has USD 3 billion cash lying around.

    The all seeing eye sees everything...

  • There's always a bigger fish.

    Thanked by (1)NodePing
  • cybertechcybertech OGBenchmark King

    cloud is the future

    I bench YABS 24/7/365 unless it's a leap year.

  • edited February 2021

    @terrorgen said:
    Man, someone really has USD 3 billion cash lying around.

    as if you don't know.

    Thanked by (1)CamoYoshi
  • @ehab said:

    @terrorgen said:
    Man, someone really has USD 3 billion cash lying around.

    as if you don't know.

    My avatar is literary that. lol.

    Thanked by (3)ehab Abdullah Not_Oles

    The all seeing eye sees everything...

  • AbdullahAbdullah Hosting ProviderOG
    edited February 2021

    @terrorgen said:

    @ehab said:

    @terrorgen said:
    Man, someone really has USD 3 billion cash lying around.

    as if you don't know.

    My avatar is literary that. lol.

    Your signature...
    any inspiration for nick 'terrorgen'? : p

  • @Abdullah said:

    @terrorgen said:

    @ehab said:

    @terrorgen said:
    Man, someone really has USD 3 billion cash lying around.

    as if you don't know.

    My avatar is literary that. lol.

    Your signature...
    any inspiration for nick 'terrorgen'? : p

    The english word "terror" plus the greek suffix "-gen", nothing more than a teenage mind thinking it's cool. The name sticks because I am now too lazy to give a better name to myself.

    Thanked by (2)Not_Oles Abdullah

    The all seeing eye sees everything...

  • AbdullahAbdullah Hosting ProviderOG

    @terrorgen said:

    @Abdullah said:

    @terrorgen said:

    @ehab said:

    @terrorgen said:
    Man, someone really has USD 3 billion cash lying around.

    as if you don't know.

    My avatar is literary that. lol.

    Your signature...
    any inspiration for nick 'terrorgen'? : p

    The english word "terror" plus the greek suffix "-gen", nothing more than a teenage mind thinking it's cool. The name sticks because I am now too lazy to give a better name to myself.

    cool, I was just joking ?

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