Google sells its domain registration business. In a surprising announcement today, website building platform Squarespace (NYSE: SQSP) announced that it’s buying Google Domains, Google’s domain name registrar. The purchase price is $180 million, and JPMorgan Chase Bank is providing financing for part of the purchase. Google launched its domain registrar in 2014, originally calling it […]
It happens all the time. Bigger companies often decide that one of their products is not profitable enough or doesn’t fit their overall strategy and then the options is to either close the service (which is what Google is famous for), spin it off as a new business if it’s profitable enough, or try to see if someone is willing to buy that business unit (which is what happened to most of IBM for example).