Deal completed after lawsuit settlement.
The sale of Epik to a new entity has been completed, Domain Name Wire has confirmed.
Earlier this week, the company agreed to sell its registrar and hosting business to Epik LLC, a new entity that appears to be backed by the same people behind Registered Agents, Inc.
But the deal was in flux after one person Epik owed money to asked a court to block the deal. That person settled with the company yesterday and terminated the lawsuit, allowing the deal to go through.
The original deal — which might have been adjusted to resolve the lawsuit — had a $4.9 million price tag. Most of that was earmarked to pay off debts Epik owed. Among the debt was significant trade debt owed to registries. Now that those debts are paid off, Epik should be able to continue servicing domain name renewals.
Post link: Epik is sold
© DomainNameWire.com 2023. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.
TL;DR AI and cloud demand are expanding Latin America’s digital infrastructure opportunity while increasing requirements…
TL;DR Lightpath has entered the Greater Atlanta market with high-capacity Managed Bandwidth services. Wavelength and…
TL;DR Earnings release: Duos will report second quarter 2026 results after market close on Friday,…
TL;DR Defining the Distinction: “Modular” construction encompasses two main approaches—traditional prefabrication (assembling components like electrical…
TL;DR Transaction complete: Duos Technologies Group has completed the sale of its rail technology subsidiary,…
TL;DR To bypass slow grid interconnection queues and keep up with AI buildout timelines, hyperscale…