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Wednesday, Oct 31
2012, 1:26 PM
Verisign (VRSN -7.1%) slides as worries mount about the Commerce and Justice departments'...
Verisign (VRSN -7.1%) slides as worries mount about the Commerce and Justice departments' reviews of Verisign's offer for a 6-year renewal of its deal to run the registry for .com domain names. The company noted in last week's Q3 report that the Commerce department might not complete its review before the Nov. 30 expiration of Verisign's current deal, in which case a 6-month extension kicks in. Verisign's offer gives it the right to raise prices by 7% four times over the course of the deal. (2012 guidance)