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August 4, 2011 12:42 am GMT

Web.com Buys Domain Registrar And Hosting Company Network Solutions For $560.8 Million

Network Solutions PictureInternet services company Web.com has acquired domain registrar and hosting provider Network Solutions for $405 million in cash plus 18 million shares of Web.com stock, valuing the transaction as $560.8 million Network Solutions, which is currently owned by private equity firm General Atlantic, provides domain registration, e-commerce, search engine optimation, other online promotion services, hosting and email to millions of small businesses.

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