Alphabet Selling Google Domains Assets to Squarespace
Alphabet Selling Google Domains Assets to Squarespace
Alphabet Inc. is winding down its Google Domains business and selling its assets to Squarespace Inc., according to a statement Thursday.
What looked like the pertinent parts of the article:
Squarespace is acquiring the assets associated with the business for about $180 million, according to a person familiar with the matter, who asked to not be identified because the financial details of the transaction aren’t public.
The assets include “10 million domains hosted on Google Domains spread across millions of customers,” according to the statement, confirming a Bloomberg News report
Squarespace said it will honor Google Domains customers’ renewal prices for at least 12 months following the close of the deal. Squarespace will also become the exclusive domains provider for customers who purchase a domain from Google along with their Workspace subscription, according to the statement.
This comes like a month after they made the .zip TLD too.