Neustar buys .co domain name operator for reported $109M

|By:, SA News Editor

Neustar (NSR -0.4%) has bought oddly-named .CO Internet S.A.S., the exclusive operator of the .co domain name registry. Domain Name Wire states the purchase price is $109M.

.CO Internet finished 2013 with a $21M/year revenue run rate; it's responsible for the 1.6M+ .co domain names have been registered since they became available in 2010.

Neustar notes it recorded in $4M in revenue last year for being .CO Internet's back-end provider, and that this revenue will be eliminated once the deal closes. The company asserts .CO Internet's domain marketing abilities will complement Neustar's existing domain name distribution network and technical resources.

Neustar already manages the .biz and .us registries.