iiNet completes acquisition of Netspace

iiNet completes acquisition of Netspace

ISP iiNet ASX:IIN) has completed the acquisition of Netspace for $40 million in cash.

The deal, which was announced on March 29, was funded through a $100 million three-year bank loan from Westpac.

“Thanks to the support of Netspace’s management and directors, the transaction has been very well received by Netspace staff and customers,” iiNet CEO Michael Malone said.

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Tags Mergers and acquisitionsiiNetnetspace

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