The US Internet domain registrar and web hosting giant, GoDaddy, is buying MMX’s assets and business for $120m in cash. This is an excellent deal for MMX and was approved by shareholders last month. Ahead of the sale, MMX has published its FY20 results together with FY19 restated for changes to accounting policy. The financials show the quality of the portfolio and its cash generation despite the headwinds of COVID in the period. Q4 was particularly challenging with operational, structural and s ....
18 May 2021
Minds + Machines - FY20 results reveal strong cash generation before sale
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Minds + Machines - FY20 results reveal strong cash generation before sale
- Published:
18 May 2021 -
Author:
Michael Hill | Cavendish Research -
Pages:
10
The US Internet domain registrar and web hosting giant, GoDaddy, is buying MMX’s assets and business for $120m in cash. This is an excellent deal for MMX and was approved by shareholders last month. Ahead of the sale, MMX has published its FY20 results together with FY19 restated for changes to accounting policy. The financials show the quality of the portfolio and its cash generation despite the headwinds of COVID in the period. Q4 was particularly challenging with operational, structural and s ....