Register.com, an Internet domain name registrar, expanded its services through acquisition of Afternic.com, a domain name resale services provider, for $10 million in cash and issuance of 4.38 million shares of common stock. Afternic.com will operate as a wholly owned subsidiary of register.com; all Afternic.com employees are being offered positions with this subsidiary. Register.com sells a host of domain name services, including registration, renewal, management, Web site development and escrow services. Afternic.com provides domain resale services including auctions and appraisals.
Copyright September 2000, Crain Communications Inc.