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PE firm affiliate closes acquisition of Web.com

Web.com Group Inc.'s $2 billion acquisition by an affiliate of private equity firm Siris Capital Group LLC is complete, the company said Oct. 11.

A majority of Web.com shareholders approved the deal Oct. 10, paving the way for Siris' affiliate to close the agreement, which was announced in June.

The acquired internet service and online marketing firm will continue to operate under the Web.com name but will no longer trade on the Nasdaq exchange.