CCBill purchase of AlphaRed falls through
After much news and speculation over the last few days (which we have not reported on due to there being questionable facts floating around), CCBill’s holding company CWIE today announced that their deal to purchase the troubled hosting company AlphaRed has failed at the last hurdle (it was almost finalised almost days ago). Reasons have not been disclosed as of yet, although board speculation links it to the pending lawsuit involving AlphaRed owners and Microsoft as well as the huge exodus of customers to other hosting providers after the initial news of the lawsuit broke across the net a few days ago.
CCBill buying the company AlphaRed’s assets would have meant that their two datacenters in Houston, their 300 Gbps of Internet connectivity, as well as other carrier setups would have been transferred, but as the lawsuit against the owner of AlphaRed rolls on, it is as yet unknown as to how much longer the company will be in business and whether there will be any other offers to purchase it in the coming days.
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- Thursday, October 9th, 2008 at 10:31 pm