CentralNic Group completed the acquisition of Team Internet for $48m.

CentralNic Group, the global internet platform that derives revenue from the subscription sales of domain names and web services, completed the acquisition of Team Internet, an Internet marketing service in Munich, Germany, for $48m. "The acquisition of Team Internet is a natural extension of CentralNic's domain sales business and a major step in adding domain related web services to CentralNic's service offering. It is another web-based recurring revenue business that will be significantly earnings enhancing for the financial year ending 31 December 2020," Ben Crawford, CentralNic CEO.