Mark Cuban Increases Stake in Register.com

Billionaire Internet entrepreneur Mark Cuban has raised his stake in Register.com to 13.7 percent, according to SEC filings, which indicated that Cuban is likely to be among nine people nominated for the Register.com board of directors by Barington Companies Equity Partners, LP. An excerpt from the filing:

On June 30, 2005, Barington delivered to the Secretary of the Company a letter notifying the Company of Barington's intention to nominate nine persons, including Mr. Cuban, for election to the Board of Directors of the Company at the 2005 Annual Meeting of Stockholders of the Company. Mr. Cuban intends to serve as a director of the Company, if elected.

Barington is an affiliate of RCM Acquisition Co. LLC, which recently attempted to purchase Register.com for $7.10 per share, but was rebuffed by management. Cuban's investment and alignment with Barington would appear to increase the likelihood that changes lie ahead for the Net's second-oldest registrar.

  Posted by RichM July 5, 2005 | Permalink | Newsletter

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Mark Cuban Increases Stake in Register.com - Jul 05, 2005





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