GoDaddy Buys 200,000 Domain Names From Marchex

GoDaddy announced plans to acquire Marchex's entire domain portfolio business of 200,000 domain names for $28.1 million in cash. The company said this is a one-off acquisition, meaning it does not have plans to acquire additional domain names or expiring names, or turn this into a new business direction. "GoDaddy views this as a unique opportunity to acquire a large group of high quality names and make them available to businesses worldwide," said GoDaddy senior vice president Mike McLaughlin. The web domain marketplace said many of the names have until now not been generally available to the public. Shares of GoDaddy were inactive in premarket trade. Its shares have risen 24% since the company went public on April 1.