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Home > Web Hosting > GoDaddy closes the Dan.com acquisition for $71.4 million

GoDaddy closes the Dan.com acquisition for $71.4 million

According to GoDaddy's 10-Q quarterly regulatory filing, the company closed the Dan.com acquisition in July for $71.4 million.


Erdem Yasar Erdem Yasar
August 8, 2022
2 min read
GoDaddy closes the Dan.com acquisition for $71.4 million
  • GoDaddy’s Form 10-Q quarterly regulatory filing showed that the company completed the acquisition of Dan.com in July for $71.4 million
  • While the commission fees on Dan.com is 9%, it can go up to 20% on GoDaddy, which is a big concern for domain investors.
  • Domain investors state that an unexpected change in commission fees on Dan.com can cause them to look for an alternative platform.

At the end of June, the world’s biggest web hosting company and registrar, GoDaddy announced the acquisition of Dan.com, a popular domain sales platform. With the acquisition, GoDaddy eliminated one of its strongest competitors in the field. However, GoDaddy didn’t officially announce the transaction details nor if the acquisition was closed or not.

Form 10-Q

According to the Form 10-Q quarterly regulatory filing, GoDaddy closed the acquisition of Dan.com in July 2022. The report also shows that GoDaddy paid $71.4 million in cash for the deal. Under the Subsequent Events section of the report, it says,

« In July 2022, we completed an acquisition for $71.4 million in cash. »

Since GoDaddy still didn’t announce the completion of the acquisition officially, the hosting giant might be working on rebranding the service or implementing some new features before the announcement. Meanwhile, domain investors are concerned about the acquisition, which is expected to result in higher commission fees.

Dan.com is charging 9% for domain sales. Meanwhile, GoDaddy is currently charging between 10% and 20%, depending on the value of the domain. For domains up to $5,000 the company charges 20%, between $5,001 and $25,000 the commission fee is 15%, and for the amount over $25,000, it is 10%. This means domain investors who focus on low-end domains will have to pay more than double if GoDaddy changes commissions for Dan.com. Such a decision can cause Dan.com users to switch to another platform to avoid high commissions.

See more Web Hosting News


Tags: Dan.comGoDaddy
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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