news GoDaddy to acquire domain sales platform dan.com!

[MadAboutDomains]

Looks like GoDaddy is acquiring Dan.com!

Via Domainnamewire... https://domainnamewire.com/2022/06/28/big-news-godaddy-is-acquiring-dan-com/

 

[hemirate]

It seems not only you are not able to write but also to read. Have a good day

 

[poweredbyme]

It's just another day for me to hear that one professional, institutional company swallows another unprofessional one which acts like a one man company. In my offline career I monitored or managed company acquisition processes as a small part of my daily routine. The biggest reason is often difference between companies in level of professionalism. What's that actually?

What most people know it wrong is that an institutional company doesn't have to be a giant. The opposite is more correct, a small professional company or even an individual in suitable external conditions will likely become giant in just a decade or two. Being an institutional company means being consistent with its own rules, behaving everyone in the exact same way in same situations. That has nothing do with how big or small you are. That's just a choice on whether you have principles, red lines, backbone or not.

The lesson: Next time rely only on professional, institutional companies and don't be obsessed too much with the price you will pay. Price should never be only one criteria, (i.e. 9% vs 20%)

Unprofessional companies may behave different to different persons and also in different situations, in different days, by different staff, ceo, etc. Institutional companies have their own consistent, strong identities which stay relatively unchanged for decades. You can't trust unprofessional companies, as well as individuals who don't have consistent, foreseeable identity. Typical nonprofessionals change their own rules frequently, stop their operation or sell their companies suddenly which you rely on for your own business. Professionals don't come to you with serious unpleasant surprises for decades. They change at an unnoticeable speed. Your business with them almost always work in the way you expect to happen. That's where their invisible power is hidden.

 

[loredan]

I've been with Undeveloped since their early days and wanted so bad to see them succeed and become a real competitor of GD and Sedo. If Dan would have launched their registrar side of business, they might have put a serious dent in GoDaddy's earnings coming from domainers. Instead Reza took the easy path, money is money. The past showed that everything GoDaddy touched, turned to crap and this would be no different story, unfortunately...

 

[TribeMagnet]

Dan is acquisition #29 for GoDaddy. I'm moving my assets as soon as I have time. With Afternic, Dan, and
Uniregistry off the list I'm left weighing the pros and cons of Epik, Sedo, and a handful of also-rans.

 

[alcy]

I still don't get it.. is there like official gd dan link or info saying what will happen to Dan... changes.. etc

 

[karmaco]

I still don't get it.. is there like official gd dan link or info saying what will happen to Dan... changes.. etc

What don’t you get? The announcements said the deal will complete in the 4th quarter. We are in the start of the 3rd quarter right now.

I am sure we will get all the pertinent details and changes in the fall. I do wonder why they announced now if its not happening for awhile. Probably because they know we won’t like it one bit..

 

[HandmadeLife]

Dan is now A GoDaddy brand

They changed their home page and landing pages.

I think this may increase Dan acceptance for end users

 

[Mister Funsky]

They changed their home page and landing pages.

I assume they have/will buy out the parent organization as well...

"Dan.com an Undeveloped BV subsidiary."

 

[tomcarl]

I had the inclination an acquisition of Dan was inevitable, just a little surprised so soon.

Keep commission, payout times, response times the same, add auto sync of listed names to Afternic, and things might stand well.

 

[bmugford]

I still don't get it.. is there like official gd dan link or info saying what will happen to Dan... changes.. etc

Nope, and it appears they have been quite cagey about it. The lack of clarity is a major problem.

There has been no real pushback to speculation from me and others that they are just going to jack up the commissions to "align" with their other services.

If they want to kill Dan, that is a good way to do it.

However, I don't think it makes sense for GoDaddy as a business. Dan is capturing sales GoDaddy is not capturing, and certainly won't be at 20%.

As someone who uses both, GoDaddy clearly has the larger market share but Dan has the superior system.
Landers, leads, negotiation, payment, transfer. The entire process is far more intuitive.

If they leave it largely as is, with re-branded landers then fine. If they come in and try to take control of people's leads, negotiation, and/or raise the commissions many people will simply leave.

Brad

 

[alcy]

Nope, and it appears they have been quite cagey about it. The lack of clarity is a major problem.

There has been no real pushback to speculation from me and others that they are just going to jack up the commissions to "align" with their other services.

If they want to kill Dan, that is a good way to do it.

However, I don't think it makes sense for GoDaddy as a business. Dan is capturing sales GoDaddy is not capturing, and certainly won't be at 20%.

As someone who uses both, GoDaddy clearly has the larger market share but Dan has the superior system.
Landers, leads, negotiation, payment, transfer. The entire process is far more intuitive.

If they leave it largely as is, with re-branded landers then fine. If they come in and try to take control of people's leads, negotiation, and/or raise the commissions many people will simply leave.

Brad

read somewhere some or all dan staff remains..so let's hope few.more things like fees dont increase also.

 

[LUP]

Wow

 

[alcy]

Wow

Show attachment 219594

how much sale price? 100mil?

 

[skshogun]

how much sale price? 100mil?

I doubt we'll ever get to know the price. Or maybe GoDaddy must disclose something in SEC filings?

 

[bmugford]

I doubt we'll ever get to know the price. Or maybe GoDaddy must disclose something in SEC filings?

They are a publicly traded company. Most of the details will eventually make it into their filings.

Brad

 

[alcy]

I doubt we'll ever get to know the price. Or maybe GoDaddy must disclose something in SEC filings?

well u know we can still best guess...gottA be 9fig no?

 

[Future Sensors]

I assume they have/will buy out the parent organization as well...

"Dan.com an Undeveloped BV subsidiary."

In the footer on DAN.com since today: "GoDaddy Europe Limited."

 

[kor]

DAN is a commercial enterprise.
Commercial businesses focus on profitability.
DAN saw the money and took it.
End of the story.

 

[Future Sensors]

One of the reasons why a sale (including payment) via DAN can be completed so quickly, is that DAN maintains holding accounts with many registrars. A domain can be pushed to that account if a domain is in lock period. Afternic is a lot less flexible with this. I express my hope that this domain push method will continue to exist at DAN (a GoDaddy Brand).

 

[myfavorite]

Well @epik and @Rob Monster needs to up their game to take over any vacuum that the Dan acquisition creates.

Such as increasing their payout methods to include may be Payoneer, Paypal, funds transfer and also work on the Masterbucks they're currently using which has limited countries it can transfer funds to.

When they can't transfer funds to a particular country and the country blocks/bans crypto currency transactions. It makes it basically impossible to cash out sales proceed.

Also they should look into maintaining Holding account with other Registrar to enable push of domains within the lock period.

In summary fast conclusion of transactions for the Buyer to get the domain and Seller the sales proceed ASAP.