CNIC acquisition1 Dec 2017 15:59
Deal changes from an asset purchase to a share purchase.
Top level domain name operator CentralNic (London AIM:CNIC) announced it was acquiring the .sk (Slovakia) top level domain name on August 25th. It still hasn�t completed the deal and the terms have changed.
The deal was originally created as an asset purchase. Now, CentralNic will acquire the SK-NIC, a.s. legal entity and all associated assets and liabilities.
CentralNic does not expect this to have a material impact on how much it pays for .sk:
The maximum total consideration for the acquisition remains unchanged at �26.12 million, however the initial cash consideration for the acquisition will now be slightly lower, at �20.27 million (previously �21.27 million), and the deferred cash consideration will now be slightly higher at up to �5.85 million (previously up to �4.85 million), and extended in time to cover a period until 2023. The deferred cash consideration is dependent on SK-NIC attaining defined growth targets over the next three years.
The share purchase agreement was entered into yesterday and the company expects the deal to close �in the near future. https://domainnamewire.com/2017/12/01/centralnics-sk-purchase-moving-forward-changed-terms/