U.S. digital rights group slams tech firms for barring neo-Nazis

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The business generates the bulk of its revenues from its mass-market hosting services, one of the sources said, adding that some of the bidders are less interested in its other unit, known as “managed hosting”, and would value this at a much lower multiple.

Cinven has now resumed efforts to sell the web hosting firm, which is valued at about 1.5 billion euros ($1.7 billion), the sources said. It wants to receive indicative offers next week, and is hoping to sign a deal before Christmas, they said.

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Larger rival Facebook Inc, which unlike Twitter explicitly prohibits hate speech, has taken down several pages from Facebook and Instagram in recent days that it said were associated with hate speech or hate organizations.

SAN FRANCISCO, Aug 17 (Reuters) – A digital rights group based in San Francisco on Thursday criticized several internet companies for removing neo-Nazi groups from servers and services, saying the actions threatened free expression online.

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SAN FRANCISCO, Aug 16 (Reuters) – Twitter Inc on Wednesday suspended accounts linked to the neo-Nazi website Daily Stormer, keeping up pressure from Silicon Valley on white supremacists after weekend violence in Charlottesville, Virginia.

The blog post reflected years-long tension in Silicon Valley, where many company executives want to distance themselves from extremists but are concerned that picking and choosing what is acceptable on their platforms could invite more regulation from governments.

On Wednesday, Cloudflare Chief Executive Matthew Prince said his decision to drop coverage of neo-Nazi website The Daily Stormer had been conflicted. The Daily Stormer helped organize the protest in Charlottesville, at which a 32-year-old woman was killed and 19 people were injured when a vehicle drove into counter-protesters. The website cheered the woman’s death.

On Wednesday, Facebook said it had removed accounts belonging to Chris Cantwell, a web commentator who has described himself as a white nationalist and said on his site that he had attended the Charlottesville rally. Cantwell’s YouTube account also appeared to have been terminated.

HEG, one of Europe’s largest independent web hosting firms, was put up for sale by private equity firm Cinven before the summer but the process was put on ice due to market volatility resulting from Britain’s vote to leave the EU.