Maybe…
GoDaddy released earnings today. Although the company doesn’t directly disclose how much the company paid for Michael Berkens’ Worldwide Media domain name portfolio, there’s a clue.
As of the end of September, the company’s cash flow reconciliation included $30.7 million used for acquisitions. At the end of the year, the number spiked to $66.2 million. That’s a $35.5 million difference.
This does not necessarily mean this was just for Berken’s portfolio. It could have included other small acquisitions or payments related to previous acquisitions. It’s also possible that some of the payment for the domain portfolio acquisition was not in cash or was deferred.
I’ll see if I can get more clarity when the company releases its 10-Q.
I bet you Berkens took cash & stock
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The funny thing is he is still buying domains, in auctions, you would think with that kind of payout, you could care less about buying another domain.
I believe it’s an addiction
That would’ve been a nice payout for Mike
George Kirikos is pretty good at extracting info from financials. 🙂
Beginning to look like HugeDomains.com will be able to sell all the not so amazing domains I drop alone that they pick up right away for $35.5 million. LOL
P.S. And it looks like they may spend $40 million on renewals in the process. 🙂
They are cashcow anyway. But any cow has a price tag.
Possibly other deferred payments involved from previous acquisitions.
If he took stock that figure should also show up somewhere.
This is a massive assumption.