A clue in Zoom’s IPO filing hints at Zoom.com purchase price.
Late last year video conferencing company Zoom acquired the domain name Zoom.com. A new clue suggests that the company might have paid $2 million to acquire the domain name.
Zoom just filed to go public and its S-1 filing shows intangible asset purchases of $2.018 million in the fiscal year that ended January 31, 2019.
George Kirikos pointed out on twitter that $2.018 million is exactly what the company would have paid if it used Escrow.com to complete a $2.0 million transaction:
For a $2,000,000 domain name transaction paid via wire at https://t.co/i8MQK0GIO6 , the fees just happen to be $17,800.00. $2,000,000 + $17,800 = $2,017,800 which is the same as $2,018,000 when rounded to the nearest $1,000. Coincidence? @andrewrosener @MediaOptions @zoom_us
— George Kirikos (@GeorgeKirikos) March 23, 2019
It’s possible that Zoom acquired other IP last year, but $2 million seems about right for this domain name given the circumstances.
The last known sales price for Zoom.com was $350,000 in equity back in 2010. That included the domain name and some intellectual property.
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Author: Andrew Allemann