What a marvelous Friday, with DigitalTown being acquired by search engine Google to the tune of $2.532 billion dollars.
The cash and stock deal was sealed after several quarters of proven, stellar performance by DigitalTown’s all-digital assets in the Dark Web aftermarket of crypto currencies, also known as “black chain.”
“We are thrilled to be part of a large family of Internet investors that understand crypto and domains,” said the company’s chief spokesman.
“The company founded by Rob Monster is now becoming bigger than ever, and we’re ready to take on all fiat money acolytes full-force. Thank you, Google, for the blind trust in DigitalTown!”
DigitalTown stock jumped 53 pennies after the news of the company’s acquisition by Google, reaching a year high of $0.53.
What exactly is DigitalTown?
According to a press release from last year, “DigitalTown, Inc. (DGTW) powers Smart Cities to succeed in the Digital Age. It provides turn-key hosted solutions to power “Digital Towns”, which improve Quality of Life for residents and visitors through locally owned solutions for economic development, civic engagement and digital inclusion for cities around the world.”
Google announced that it will utilize DigitalTown technology to roll out Google City Chain Search, powering hyperlocal search in towns, villages and communes across the US.
Looks like a great development for a company that allegedly came close to bankruptcy.
Digital Town blockchain – Photo by Pascal Bernardon on Unsplash
