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MMX shareholders approve asset sale to GoDaddy

Shareholders vote to proceed with the sale. Shareholders in MMX (aka Minds + Machines) voted today to approve a sale of the company’s assets to GoDaddy. The decision is not a surprise; MMX already said it had enough votes to approve the sale. Further approvals are needed to complete the deal, including Chinese government approval […]

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Details behind MMX sale to GoDaddy

MMX reveals details behind asset sale. GoDaddy (NYSE: GDDY) announced yesterday that it is acquiring most of the assets of MMX (London AIM: MMX), aka Minds + Machines, for $120 million. Today, MMX issued a notice to shareholders about its planned sale. The sale represents approximately 10 pence per sale, about double the closing price […]

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MMX: New CEO, settlement with ICM, layoffs, and prelim earnings

New top level domain company provides updates and preliminary 2020 numbers. New top level domain name company MMX (aka Minds + Machines) (London AIM: MMX) made several announcements Sunday. First, interim CEO Tony Farrow has been appointed CEO. Farrow took over after the company booted out its former CEO and CFO following an accounting investigation. […]

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Afilias sells its stake in MMX

Afilias USA exits its position in new top level domain company. Domain name registry Afilias has sold its stake in top level domain name company MMX (London AIM: MMX), also known as Minds + Machines. The company exited its 3.16% position in the company yesterday, according to a regulatory filing. This coincides with a large […]

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Big shakeup at MMX after accounting investigation

CEO and CFO are out after board investigates company’s finances. The Board of top level domain name company MMX (London AIM: MMX) has concluded an investigation into revenue recognization at the company. The casualties include the company’s CEO, CFO, and income statement. Earlier this month, the board announced it was looking into a contract under […]

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