US-based Web.com buys ASX-listed Dreamscape Networks for $73m

US-based Web.com buys ASX-listed Dreamscape Networks for $73m

Singapore office of Dreamscape Networks Limited (Source: Dreamscape Networks Limited's website)

Web.com, a US-based domain name and hosting provider, is acquiring Australian Stock Exchange (ASX)-listed Dreamscape Networks Limited (DNL) for A$105.00 million ($72.50 million) or A$0.270 ($0.190) per share in cash.