Friday, July 25, 2014

Demand Media: Rightside Group Spinoff Expected August 1st

Santa Monica-based Demand Media said late Thursday that it expects the separation of its domain name services business, Rightside Group, on August 1st. According to Demand Media, it expects the tax-free dividend distribution of all outstanding shares of Rightside to its common stock holders by August 1st, with Rightside expected to list itself on the NASDAQ Global Select Market under NAME immediately after that distribution.

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