Endurance impairement loss increases to $17.9 million from BuyDomains deal

Discussion in 'Legal Issues and Dispute' started by Prashant Sharan, Aug 8, 2019.

  1. Prashant Sharan

    Prashant Sharan India Well-Known Member

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    Endurance International Group (NASDAQ: EIGI) has taken another big impairment charge related to its 2014 acquisition of BuyDomains for $45 million. In its latest quarterly filing, the company stated:

    During the three and six months ended June 30, 2019, the Company recognized an impairment charge of $17.9 million relating primarily to premium domain name intangible assets acquired in 2014, which was recorded in cost of revenue in the consolidated statement of operations and comprehensive loss.

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