Web.com Buys PE-backed Network Solutions for $405M

Publicly traded Web.com is paying $405 million in cash for Network Solutions, a provider of website services, online marketing and global domain name registration. Under the terms of the deal, Web.com will also issue 18 million shares of Web.com common stock, in addition to refinancing existing net debt of Network Solutions and paying certain fees. Currently, Network Solutions is majority owned by buyout shop General Atlantic.

DealsNorth AmericaUSBriefs