VeriSign to buy Network Solutions for $21bn

NEWS VeriSign, has announced plans to buy Internet domain name registrar, Network Solutions, in a deal valued at $21bn based on Monday's closing price for VeriSign. As part of the deal, the Internet security firm will issue 2.15 shares of its stock for each share of Network Solutions', valuing the Net name registrar at about $532 per share - a 48 per cent rise on its closing price on the previous day's trading. VeriSign closed on Monday at $247.43 on Nasdaq, while Network Solutions closed at $360.62.