On June 15, 2023, Google announced that it has agreed to sell its domain registrar business, Google Domains, to Squarespace. The deal is expected to close in the third quarter of 2023.
Google Domains was launched in 2014 and has since grown to become one of the largest domain registrars in the world, with over 10 million domains under management. The company offers a variety of features and services, including domain registration, DNS management, and email hosting.
Squarespace is a website builder that allows users to create professional-looking websites without any coding experience. The company has over 10 million users and generates over $1 billion in annual revenue.
Google has not released any specific reasons for selling Google Domains. However, it is possible that the company is looking to focus on its core businesses, such as search, advertising, and cloud computing.
The sale of Google Domains is likely to have a significant impact on millions of users. Customers who have purchased domains through Google Domains will need to transfer their domains to Squarespace. This process is expected to be seamless and will not require any action on the part of customers.
In addition, customers who use Google Domains to manage their DNS records or email hosting will need to switch to Squarespace for these services. Again, this process is expected to be seamless and will not require any action on the part of customers.
Overall, the sale of Google Domains is a positive development for Squarespace. The acquisition will give Squarespace a significant foothold in the domain registrar market and will help the company to expand its offerings to its users.
Here are some of the key takeaways from the sale:
- Google is looking to focus on its core businesses.
- Squarespace is expanding its offerings to its users.
- Customers who have purchased domains through Google Domains will need to transfer their domains to Squarespace.
- Customers who use Google Domains to manage their DNS records or email hosting will need to switch to Squarespace for these services.
