Team Internet says talks to sell its domain business are progressing well. The company is in negotiations with potential buyers and reported positive developments in the process.
Sale discussions under way
Team Internet said it has engaged with multiple interested parties about selling the part of its business that manages domain services. Discussions are ongoing and the company described progress as constructive.
Company overview
Team Internet operates in online advertising and domain services. The domain business includes a portfolio of web properties related to domain names, DNS, and parking services. It has been one of the company’s key revenue sources.
Reasons for the potential sale
Management said the sale could allow Team Internet to focus more on its core advertising and data-driven business units. Divesting the domain division could also unlock value for shareholders and streamline operations.
Market interest
Several strategic and financial buyers have expressed interest in acquiring the domain business. Team Internet said it is evaluating offers and working through due diligence with potential acquirers, though no final agreement has been announced.
Next steps
The company expects to continue negotiations and complete the sale process once terms are agreed. Team Internet said it will update stakeholders as discussions reach major milestones.
Conclusion
Team Internet reports that talks to sell its domain business are progressing well, with several interested buyers involved and negotiations advancing toward a potential transaction.
