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Provider: Pechala's Reports
Provider: Pechala's Reports

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Demand Media Inc Mulls Spinning Off Web-Registry Business-DJ

Tuesday, 19 Feb 2013 06:21pm EST 

Dow Jones reported that Demand Media Inc said it is considering spinning off its domain services division from its larger and faster-growing online content business. Demand said Tuesday the potential separation would create a new, publicly traded stock for the domain business, which provides registry and other services tied to launching and maintaining websites. The spinoff, which is being considered by Demand Media's management team and outside advisers, could take place within the next year, the company said in a press release. 

Company Quote

-0.28 -2.78%
15 Sep 2014