22 Apr '15, 12pm

GoDaddy acquires #Marchex’s domain name portfolio for $28 million via @DomainNameWire

An in-depth look at GoDaddy’s purchase of over 200,000 domain names and what it means for domain name investors. GoDaddy has acquired Marchex’s Archeo domain name portfolio for $28.1 million. GoDaddy (NYSE: GDDY) has acquired about 200,000 domain names from Marchex (NASDAQ: MCHX) for $28.1 million, plus a potential earnout. Marchex has owned the portfolio for a long time, and it includes most of the 100,000 domains it acquired from domain name investor Yun Ye for $164 million in 2005. The company didn’t focus on selling its domain names until 2012, when it created a separate domain-focused business called Archeo. The plan was to spin Archeo off as its own publicly traded company, but it canceled these plans in 2013 . GoDaddy SVP and GM of Domains Mike McLaughlin said GoDaddy looked at the domain portfolio as a unique opportunity. “We looked at [acquiring the portfolio] as ...

Full article: http://domainnamewire.com/2015/04/22/godaddy-acquires-mar...

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