7 Jan
2002
7 Jan
'02
9:42 a.m.
Verisign Buys .tv Web Domain for $45 Million
MOUNTAIN VIEW, California (Reuters) - Internet address and security provider VeriSign Inc. (Nasdaq:VRSN - news) said on Monday it bought exclusive worldwide registry rights for ``.tv'' Web addresses, paying $45 million for .tv Corp International.
VeriSign said it expects the cash deal, which closed on Dec. 31, to add less than $1 million of revenues and $7 million to $10 million of net deferred revenues to fourth-quarter results.
The .tv top-level domain was owned by the Pacific Island nation of Tuvalu.
http://dailynews.yahoo.com/h/nm/20020107/wr/verisign_domain_dc_1.html