Domain Name Wire has confirmed that the sale of Epik to a new entity has been completed.



Earlier this week, Epik LLC, a new entity backed by the same people behind Registered Agents, Inc., agreed to purchase Epik's registrar and hosting business.

However, the deal hit a snag when someone to whom Epik owed money asked a court to block the deal. Yesterday, that person settled with the company and terminated the lawsuit, allowing the deal to proceed.

The initial sale price was $4.9 million, with most of that going towards paying off Epik's debts. These debts included substantial trade debt owed to registries. With those obligations now paid, Epik should be able to maintain its domain name renewal services going forward.

It's interesting to note the challenges that can arise during business sales and acquisitions, particularly when dealing with outstanding debts. It appears that all parties involved were able to come to a satisfactory resolution, allowing for the completion of the sale.