By Laura LoomerPublished March 20, 2019 06:45:04A company that owns and manages domain names for more than 80 percent of the world’s domain names is planning to sell the remaining assets for around $5 billion.
Bluehost will sell its domains for about $6.50 per month, according to a report in The Wall Street Journal, which quoted people familiar with the matter.
BlueHost is the largest registrar of domain names and hosts more than 4 million domains.
BlueHost declined to comment.
RedHost has been selling its domains since 2008.
The company also owns domains for the entertainment and publishing industries.
Redhost, based in Seattle, Washington, is owned by RedBiz Networks, a New York company that also owns a large share of Yahoo!
The company also has a strong stake in GoDaddy, a company that sells domain name services.
Bluehost and RedHost were the leading buyers of GoDaddy’s domain name market last year, according a filing with the Federal Communications Commission.
Bluejackets domain prices for domain sales fell from $5.40 per month in 2015 to $3.25 per month this year.
RedJackets domain auctions ended in June, and it is unclear how much more Bluehost has to sell in order to make a profit.
The WSJ report also said that Bluehost will move its operations to a new office in the United Kingdom.
Bluejackets CEO John Gaudreau told the Journal that BlueHost has reached a deal with the European Union on a potential merger.
He declined to elaborate on the deal.
The Journal also said BlueHost will sell BlueHost’s domains for $1 per month.
The sale of Bluehost domains is part of a $9.9 billion deal announced earlier this year between the two companies, which also control the domain name registrar registrar, GoDaddy.