There are three phases to it. Most agencies only know the third one, the migration. I work across all three, so the person who priced the risk is the same person who plans the merge and runs the move.
Why the Organic Channel Needs Its Own Due Diligence
Financial due diligence checks the books. Legal checks the contracts. Tech diligence checks the code. Nobody in that line-up asks whether the traffic that produces the revenue will still be there in 12 months.
Two businesses can show the same organic revenue today and be worth very different amounts. One has diversified rankings, clean links and a brand people search for. The other leans on five keywords, a pile of paid links and content that a core update is about to catch up with. The spreadsheet looks the same. The risk is not.
Furthermore, the risk has grown since AI Overviews and LLM answers arrived. A site can hold its rankings and still lose clicks, because Google now answers the question before anyone visits. In my study of keywords that trigger AI Overviews, informational queries were the most exposed. If a target's traffic is mostly informational, that exposure belongs in the valuation.
