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VeriSign to Buy Network Solutions in $21 Billion Stock Deal

 

Updated from 8:22 a.m. EST

VeriSign (VRSN Quote) said Tuesday that it would buy Network Solutions (NSOL Quote) in an all-stock deal that the companies valued at $21 billion.

The deal will team VeriSign's business, which focuses largely on Internet security, with Network Solutions, which has a monopoly of the Internet registry business of all site names that end in .com, .org and .net. Network Solutions also controls roughly 70% of the market for processing new Internet domain names. ...

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