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Subsequent Events
6 Months Ended
Jun. 30, 2011
Subsequent Events
15.  Subsequent Events

On August 3, 2011, the Company executed a Purchase Agreement (the “Agreement”) with GA-Net Sol Parent LLC, a Delaware corporation (“Network Solutions”) and Net Sol Holdings LLC (the “Seller”) pursuant to which the Company will acquire Network Solutions (the “Acquisition) for $405 million in cash and the issuance of up to 18 million shares of Web.com common stock (the “Shares”). The number of Shares issued in the Acquisition may be reduced at the election of the Company by the payment of additional cash through sources other than debt.

Pursuant to the Agreement, the Company and its affiliates shall be indemnified and held harmless by the sellers for pre-closing taxes.  A portion of the Shares will secure the indemnification obligations of the sellers.

The Agreement is subject to customary closing conditions, including approval by Web.com’s stockholders and U.S. antitrust clearance, and may be terminated if the closing of the transaction does not occur by December 22, 2011.