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Fabulous.com Partners With eNom, as Parent Company Photon Group “Clear Decks” [Updated]

March 11th, 2011 Comments off

Domain Registrar Fabulous.com announced this evening that they have partnered with domain name registrar eNom. Emails sent to their customer base (quoted in full below) this evening aren’t exactly clear in what capacity the two companies will be partnering. Fabulous says that the partnership allows them to “streamline and optimize our registrar technology, freeing us to focus on what has been key to our success:- great tools, great support” and that they “continue to remain a wholly-owned business of Dark Blue Sea“.

[Updated/added] A representative of eNom told DNN: “The Fabulous.com websites will remain in place and they will be leveraging eNom’s Registrar API technology to operate some of the backend Registrar operations. This shouldn’t effect the way customers do business with Fabulous except it will allow them to leverage some additional TLDs and products currently not offered.

Fabulous’ announcement of Yexa, a registrar reseller software, in the summer of 2010 was an interesting move in to a space that eNom, a Demand Media company, dominates, the reseller business. Enom’s partnership with a potential competitor in that space, leaves one wondering about the specific arrangements. Recent news from Photon Group could also leave one wondering if there’s more to this arrangement as well.

Fabulous parent company Dark Blue Sea (DBS) was acquired by Photon Group in 2009. Photon was in debt at the time and since then their stock hasn’t faired well since. Last summer Photon brought in a new CEO, Jeremy Philip from News Corp who announced that he was going to “clear decks.  With mounting debt and a new CEO at the helm Photon sold four of their online properties.  The company sold Findology.com in January 2011 and released a statement saying “Photon is examining its search marketing businesses” (of which DBS is it’s largest company) and “assessing the impact of the carrying value of the remainder of the search marketing businesses.”  An announcement on the Photon site [PDF] states, “The Company continues to concentrate on its strategic review and operational improvements across the business.

As of December 2010 Photon had reduced the number of companies owned from 45 to 28 and rumors about a potential sale of Dark Blue Sea have been circulating. DBS referred DNN requests for more information to Photon. DNN has not been able to reach Photon Group contacts..

See a full copy of the email that went out to Fabulous’ customers after the jump.

Hey <Customer Name>,

Thank you for your continued support of Fabulous.com.

We are pleased to announce a partnership with eNom.com, the world’s largest wholesale registrar.

The deal enables us to streamline and optimize our registrar technology, freeing us to focus on what has been key to our success:- great tools, great support and great customers.

We are excited about the opportunities this newest partnership provides for us and our customers, and we expect to be able to implement more features as a result – such as a broader selection of TLDs.

Rest assured, Fabulous.com remains a wholly-owned business of Dark Blue Sea and will continue to operate as per usual, providing you the same level of support.

Should you have any questions, please feel free to contact support (support@fabulous.com).

Kind regards,
Fabulous.com
support@fabulous.com

(c) 2011 DomainNameNews.com (7)


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Dark Blue Sea Directors Resign As Photon Group Takes Majority Ownership

December 11th, 2009 Comments off

Dark Blue SeDark Blue Seaa [DBS:AX] and Photon Group [PGA:AX] announced today that several DBS board members have resigned.  The director resignations come from Richard Moore, former CEO and most recently Executive Director, Vernon Wills, Chairman of the Board and Joseph Ganim, Director.  Duncan Cornish has also resigned as DBS Secretary.

Photon Group now holds 80.2% interest in shares of  DBS following recent acceptances of the takeover offers. DBS directors had issued a statement confirming their willingness to accept the offer and recommending shareholder acceptance on November 29th.  The takeover offer closes on December 14th.

(c) 2009 DomainNameNews.com

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UPDATE : Dark Blue Sea Response To Photon Takeover

October 2nd, 2009 Comments off

Dark Blue Sea CEO Gregory Platz has released a statement pertaining to the Photon Group Takeover announcement

The memo advises :

DBS is reviewing the offer documents prepared by Photon and will provide further advise to shareholders in due course.

DBS Shareholders are advised to take no action in relation to Photon’s proposal.

As expected the company informs shareholders that they will keep them informed and that they should reach out to Platz if they would like more information.

(c) 2009 DomainNameNews.com

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Photon Group Launches Takeover Offer For Dark Blue Sea

October 1st, 2009 Comments off

Photon Group Limited,  one of Australia’s largest communications companies representing more than 49 independent specialist businesses, has launched a takeover bid for Dark Blue Sea, the parent company of Fabulous.com.

Photon, which already owns 30.55% of all DBS company issued shares, is offering 30 cents per share for all of the remaining ordinary shares in Dark Blue Sea (ASX:DBS).

“Photon believes the bid is an extremely attractive offer for DBS shareholders, representing a 56% premium to the average trading price of DBS shares in the last month,” said Tim Hughes, Executive Chairman of Photon Group.

The only condition to Photon’s offer is that it receives a minimum acceptance of 50.1% and that certain prescribed occurences do not occur before the offer takes effect (click here for details). Dark Blue Sea shares rose 57.5% today to 0.315.

[via Photon Group]

UPDATED :
Dark Blue Sea CEO Greg Platz has released a statement at the DBS site.

(c) 2009 DomainNameNews.com

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