Company reveals price of aquisitions.
Domain name registrar GoDaddy (NYSE: GDDY) acquired two “domain portfolio intangible assets” in Q2.
Update: it’s likely these acquisitions were top level domains, not traditional domain portfolios. GoDaddy acquired .health as well as Top Level Design’s TLDs in Q2.
In its most recent 10-Q filing with the SEC, the company reported:
During the six months ended June 30, 2023, we completed two purchases of indefinite-lived domain portfolio intangible assets and related finite-lived customer-related intangible assets for a total of $35.4 million in cash and a variable earn-out of up to $4.0 million.
There is no mention of these purchases in the first quarter report, so these acquisitions must have occurred last quarter, which is when GoDaddy announced the acquisition of the top level domains.
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