Company paid about $500 per domain to acquire Michael Berkens’ domain name portfolio.
GoDaddy filed its annual report with the SEC today, and it confirms (or re-confirms) that the company paid $35.5 million to acquire Michael Berkens’ domain name portfolio.
After GoDaddy released its Q4 earnings, I wrote about how the cashflow reconciliation showed that the company used $35.5 million cash in Q4 on acquisitions.
That still left a small amount up in the air, given that Berkens could have accepted equity or deferred payments.
The 10-K puts that to rest: it was absolutely, positively $35.5 million.
The annual report discloses that the company spent $64.7 million on four acquisitions last year. The third quarter report discloses that the company spent $29.2 million on three acquisitions in the first nine months of the year.
$64.7 minus $29.2 is $35.5.
That comes out to about $500 per domain name acquired.