You can now view the GoDaddy annual report which came out today. View the full report here.
There are some hints at the Uniregistry acquisition price, another note was where GoDaddy values their portfolio
Under subsequent events:
Subsequent Events In February 2020, we entered into agreements for two acquisitions with an aggregate purchase price of approximately $196.9 million, of which $149.1 million has been paid in cash. The remaining $47.8 million will be paid upon receipt of certain regulatory approvals and satisfaction of other customary closing conditions as well as upon the expiration of the contractual holdback period.
The Uniregistry/NameAdministration deal not scheduled to close to Q2.
You also see how GoDaddy values their current portfolio on the books under intangible assets
Frankie sold out cheap!!!
Desperate sale.I am sure he would buy more in auction and launch on a new domain name to sell his domains.He basically worked for Godaddy if he sold at that price point and this is jmho.
Good luck with the money man.
He got more than I expected. I assumed it was $125M
This makes Michael’s deal look incredible, he had 1/5 the amount of domains as NA and no registrar. As usual Michael you are the man.
Wasn’t Namesilo reported being sold for only $10M? Registrars (except GD) are not very profitable businesses and thus aren’t worth much.
https://www.thedomains.com/2018/03/09/namesilo-to-be-acquired/
Yes Namesilo was sold under $10 million but the only registrar.
Frank sold registrar plus his portfolio which has lots of million dollars names.
I found what GD values their own portfolio at most interesting. Frank must have been desperate, marriage is a bitch.
I bet none of you guys have 141 million stop hating
Yes no reason to hate, I long to be this kind of desperate.
No surprise it sold for less than $200 million. But it is worth more than that, $300-500 million IMO.
Based on what? Godaddy would never see an ROI if they paid that.
Godaddy have been buying similar quality portfolios for $25-50million, at least half a dozen. His was marginally larger. Suspect the portfolio price will end out being $50-$70 million.
Of course it’s worth more, GD has to now make money off of it. That’s the idea of a bulk sale. Frank did good here, it’s 20 years. I know many who’ve been around for that time and don’t have a fraction of that success. Frank has done great in that timeframe and that’s commendable.
Sometimes good guys finish first.
WOW, congrats Frank!
A ton of hard work and years of staying up late
building your dream.
Congrats on the exit.
I believe it’s a fair deal for both parties.
Is Frank the sole shareholder of Uni?
I assume Frank had a prenup?
Bezos wife got 500 million and some equity, and he hasn’t missed a beat.
When you build a company like Uni from the ground up, unfortunately it often takes a toll on family life, especially when you’re not in your 20s.
I wish Frank and his family well – it’s a decent exit per uni/gd -bravo!
Bezos wife got 25%. 38 billion total between stock and cash. Yes that’s Billion with a B.
Bezos’s ex wife is a writer. So I’d imagine she, JK Rowling and Stephen King are the richest writers in the world…she was enamored with jeffrey for wanting to start a little online bookstore – the first on the web, and just hoped they could pay the bills if they lived frugally…um, er, yes…
Is Bezos the richest man in modern history yet? Guess we have had time counting up the wealth of Ghenghis Khan, Alexander the Great, Augustus…
BTW…Frank has done well…very well
Prenup, his marriage predates domaining, he bet it all for domains, credit cards to the max. Guy lives a nice life Rolls Royces, Malibu home, Caymans home, he must have been sick of all this bs to want to get out.
Taxes, wifey at 50%, attorneys, partners. That 150M is going to be split up hard. But so what. Still enough to have a great life and besides, this is life. Things rarely happen the way we want them to happen.
Frank is the domainer I most admired. He would know better than anyone the value of his portfolio in a bulk sale to GoDaddy. Not everyone could sell at the prices he manages.I wish him all the best. I think GoDaddy got a bargain. IMHO. Uni was an example of what you can do with innovation.
Everything is not done as you write.
Uniregistry can never be acquired by Godaddy if it does not pay prior agreement with the lawyers that defend its Customer Domain, investor its portfolio of domains that are valued from more than $ 10 to $ 50 million and income in Cayman Islands offshore companies.
my guess was $170M while most were saying $500M+ and some were even saying $1B.
Congrats to Frank…he got paid for all the hard work that he put into domaining.
Frank can make a lot of money by being on the board of some tech companies etc.
Looks like he is done with domains, unless we see him in round 2 of gtlds, but looks like he is having to much fun as Malibu Ken to care about domains to much anymore. So be it, guy did it all from the ground up, nothing left to prove.
The was two acquisitions bundled together there. The other looked to be a similarly sized company that had VC backing and had been in business (and expanding) for a while.
I think the GTLD’s broke him, Uniregistry was built for this big landrush of GTLD”s which never developed, and with extensions like .blackfriday, .guitars, and others kind of taking a backseat, the excitement wasn’t there anymore. Uniregistry is a business it sells domains, and other services, it’s a margin type business, it will make the owner a nice living, but it’s not a to the moon, lambo type crypto business, mix in his Name Admin portfolio, and I am sure they have many days a month that accelerate to that.
I don’t think many people realize this guy made it long ago, and not much is going to change in his life with this money, other than new investments, When you drive a Rolls Royce, and Live on The California Coast, and split time between the Caymans via private jets how much better can it really get?
He was a good inspiration for the industry, a guy who started with a few domains, and sold to one of the largest companies in the industry for more than enough to last a few lifetimes.
170mil for 20+ years of hard work — is NOT a good return for the time put in…
Yea . what an idiot. He sacrificed all that for only $8.5m return a year ?!
PFFFT this is a ridiculous comment.
He probably made $50m a year on sales for 10 of those years. Add in the millions he made when parking was at a high. He’ll pawn off the new GTLDS on someone else as well and pull in another 8 figure pay day. I’m sure he’s ok.
I’ve spent 20 years in this business and haven’t earned anywhere near those numbers but I’m super cool with it and I’m not standing on a corner begging or even sitting in a cubicle grinding for someone else. Most people spend 30-40 years of their lives toiling from check to check. . . . . it’s all about your perspective.