Pay $35.5 million for Michael Berkens’ portfolio? — Did GoDaddy
Maybe…
GoDaddy released earnings today. Although the firm doesn’t directly disclose how much the firm paid for Michael Berkens’ Worldwide Media domain name portfolio, there’s a clue.
As of the end of September, the firm’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 modest acquisitions or payments related to previous acquisitions. It’s also possible that some of the payment for the domain portfolio buyout was not in cash or was deferred.
I’ll see if I can get more clarity when the firm releases its 10-Q.




