GoDaddy Stock Jumps on Acquisition News

Elliot Silver
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GoDaddy stock closed up just under 4% today, a nice jump considering the Dow was down over 100 points at the close of business. A publication called Bidness Etc. said GoDaddy “stock surged after the company announced acquisition of almost 70,000 domain names to its Worldwide Media, Inc. domain name portfolio.”

According to Yahoo Finance, GoDaddy’s market capitalization is $5.27 Billion. After the market closed today, GoDaddy stock was trading at $33.94 Up $1.26 on the day and up 3.86%. Considering the market cap, this jump was worth somewhere around $200 million in valuation. Whatever the company paid for Mike Berkens’ portfolio, the market seems to like the news, and I assume the company will do well with the acquisition.

To get perspective from GoDaddy, Phoenix Business Journal

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Mike Berkens Sells “Vast Majority” of Domain Portfolio to GoDaddy

Elliot Silver
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I just saw a tweet from Mike Berkens announcing that his company sold the “vast majority of domain names in the Worldwide Media, Inc. domain name portfolio” to GoDaddy. The tweet linked to a press release with the entire announcement.

I am somewhat surprised about this news, although the acquisition

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“My Domain Was Just Stolen”

Elliot Silver
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Several months ago, Stevan Lieberman, an intellectual property attorney in Washington DC, published an article about domain name theft. In the article, Stevan offered some practical advice about how to recover a domain name following a theft. The article was (and is) timely given the amount of stolen domain names I have heard about of late.

This morning, someone commented on Stevan’s article to discuss a domain name that was allegedly stolen from his GoDaddy account. Here is what the commenter had to say:

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Braden Pollock Shares Domain Buying Tips

Elliot Silver
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I believe buying a domain name for a good price is likely the most difficult aspect of this business. Domain owners can be difficult to reach, and if you make the extra effort that others haven’t made, and you make a reasonable offer, you will probably have a higher close rate. In addition, companies that are successful in getting their ideal domain name may not have to settle on a different brand and may help prevent confusion for their customers.

Braden Pollock shared some good advice about buying domain names in today’s GoDaddy Hangout with Joe Styler and Colby Villa. He offered some advice on contacting domain owners, making offers that are fair, and getting a good price on domain names that aren’t listed for sale anywhere. The advice Braden shared can be helpful for people looking to buy domain names as investments, but particularly for people who want to buy a domain name for their business or for a startup.

If you have any questions you want to ask Braden or the team from GoDaddy, you are welcome to post them in the comment section here, or on the GoDaddy Google+ Hangout page.

Sunday Updates and Thoughts

Elliot Silver
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Last week I went shopping for a metal detector so I could search for screws and nails at the playground I helped build. The top Google result for me was MetalDetector.com, a website that sells metal detectors, and ironically, they had a shop within an hour from my home. I went to visit and bought a metal detector. I spoke with one of the owners, and I hope to share an interview soon!

Here are some domain industry thoughts and updates for you. As always, you are welcome to share some domain industry thoughts or updates in the comment section:

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.Miami Domains Banner at Dolphins Game Part of Larger Effort

Elliot Silver
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.Miami Domain names at GoDaddy

GoDaddy and the .Miami domain registry have been teaming up to market .Miami domain names using a variety of channels. One attention grabbing tactic was seen by thousands who attended the Miami Dolphins NFL game this past Sunday.

As you can see from the photos above and below, a small airplane flew around Sun Life Stadium in Miami, Florida with a banner advertising .Miami domain names available at GoDaddy for “40% off.” The banner was part of a larger marketing effort being undertaken by Minds & Machines, the operators of the .Miami domain extension, and GoDaddy.

Since .Miami launched

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