Team Internet's sale of its Domains, Identity and Software division is at an advanced stage with multiple parties interested in all or parts of it, the company said on September 7, holding its floor of over $160 million while the outcome it guided for in early Q3 has yet to arrive.
Team Internet generated $566.9M from Google in 2023. After successive AFD policy changes cut parking revenue, it is now pursuing a £20M+ antitrust claim and selling its Domains, Identity & Software division - which the board values above the group's market cap.
After years of handling the .CO domain, GoDaddy has lost its role as the official registry. A new partnership, called Consórcio Equipo PuntoCo, made up of Germany’s Team Internet and Colombia’s Central Comercializadora de Internet (CCI), has won the contract to operate Colombia’s country-code top-level domain (ccTLD), .CO, for the next ten years.
Hexonet, a well-known domain reseller platform, is shutting down as part of Team Internet Group’s efforts to streamline its operations. The transition will take place over the next few months, with Hexonet customers being migrated to CentralNic Reseller, another platform within the group.