Webcentral has struck a binding deal a majority stake in some of its assets for circa $165 million to a group of European buyers including Oakley Capital, Street Talk can reveal.The deal is understood to include two-thirds of three divisions, two of which are the email hosting services businesses and cPanel hosting. Webcentral was halted on Thursday morning pending the announcement.Sources said the deal stemmed out of a board-ordered review of its operations run by Macquarie Capital.The divestments are expected to leave Webcentral laser-focused servicing business customers as a telco operator and infrastructure landlord, sources said.
Webcentral has struck a binding deal a majority stake in some of...
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