George Kirikos does a deep-dive into ironSource Ltd.'s (NYSE:IS) F-1 filings with the SEC. In the filings, it states that $1,950 thousand ($1,950,000) was used for the purchase of intangible assets.
Intangible assets could be an array of different things from a domain name to other intellectual property. In the case of ironSource, they specifically state that amount was paid out for a "Domain".
ironSource secured the IS.com domain which changed hands in February 2021. Before that, the domain name looks like it was used by InsideSales as reported by Robbie's Blog in 2019.
George concluded that the domain changed hands for $1,950,000. While this may be true, I am more inclined to believe that this number includes all the fees associated with the domain transfer as well.
While we're speaking of potentially negligible amounts here as it's in the "two commas club", it's important to note that sales, other than taxes, can cost the buyer or seller more money than what leaves their hands or lines their pockets. Surely with a sale of this magnitude, there were legal fees on top of escrow fees and who knows what else—such as administrative translation fees, etc.—bundled up to come to such an odd figure, fifty-thousand away from an even $2 million.
Intangible assets could be an array of different things from a domain name to other intellectual property. In the case of ironSource, they specifically state that amount was paid out for a "Domain".
ironSource secured the IS.com domain which changed hands in February 2021. Before that, the domain name looks like it was used by InsideSales as reported by Robbie's Blog in 2019.
George concluded that the domain changed hands for $1,950,000. While this may be true, I am more inclined to believe that this number includes all the fees associated with the domain transfer as well.
While we're speaking of potentially negligible amounts here as it's in the "two commas club", it's important to note that sales, other than taxes, can cost the buyer or seller more money than what leaves their hands or lines their pockets. Surely with a sale of this magnitude, there were legal fees on top of escrow fees and who knows what else—such as administrative translation fees, etc.—bundled up to come to such an odd figure, fifty-thousand away from an even $2 million.
