Domain Magnate

Answers.travel Sold for $3.3 million - it was first reported 2 months ago, but recently sprung a more heated discussion in sight of the depressing economy and the ridiculous amount for an unpopular extension.

Naturally this is the biggest (and possibly the only) .travel sale to date. Despite the shocker it appears to be true as was reported by credible sources: businesswire, reuters.

Different explanations were proposed, from a ‘fake sale’ to ‘money laundering’, tax evasion et. But I can add that I’ve seen enough stranger things happen in domaining over the last few years to know that anything is possible. However don’t get your hopes up, good domains are still good and bad is going to remain bad..

Forbes has an interesting story about us!

One of the people mentioned is Steve McDonald, or karter9977 from dnforum. According to the story he managed to acquire qsd.com for $620! It was later for sale here

The article is discussed in dnf as well, domainer read more »

NyTimes has an interesting story on a guy who flipped a site for an awesome $173K, after buying it for $1800 and doing some changes. According to compete.com traffic estimates the site bird-cage.com only has 5-6k monthly visitors from US, so it’s strange that just 200 visits per day can provide such nice income. Besides the site only has 257 links in yahoo and doesn’t seem to have any decent google rankings for the top keywords.

So it really looks strange why would someone pay a healthy amount of money for a small site, without much traffic.

On the other hand it shows that development could bring nice profits and e-commerce sites are the money makers!

here is the article: read more »

Dot Asia released a press release about their successful auction

.Asia Auctions Fetches Over US$3 Million

.Asia Hot-or-Not Contest First Weekly Prize Winning Domain: resorts.asia
GMA2008.Asia Attracts Millions of Hits, Drives .Asia Adoption

Hong Kong, 16 June 2008 – DotAsia Organisation announced today total registration for .Asia
domains are expected to exceed a quarter of a million by the end of the first quarter after its public
launch . Proceeds from the .Asia Sunrise and Landrush auctions have already exceeded US$3M
and rising, demonstrating strong demand and growth value for .Asia domains. read more »

Jpost, the top israeli newspaper, published an article on the upcoming Israel.com auction at moniker

You would think Israel.com would be an exciting, detailed Web site on the Jewish state, designed to attract tourists from abroad. But when the Web address is punched in to your Internet browser, all you get is a simple page with an Israeli flag smack in the middle.

In contrast, Australia.com has a virtual tour video where a young man from down under guides you through the complex and fun site, and Mexico.com helps Net surfers plan their entire vacation in “just one click.”

But come May 23, Israel.com should be on its way to becoming exciting and informative. The domain name will be auctioned off to the highest bidder on the Moniker.com live auction site. The physical auction will take place at the T.R.A.F.F.I.C East Conference in Orlando, Florida. read more »

CBS is making a bigger push on the Internet. The broadcast company said Thursday it would acquire CNet for $11.50 a share, or $1.8 billion, in a deal that will make CBS one of the top 10 Internet companies in the United States. The deal offers CNet shareholders a 44% premium to Wednesday’s closing price and comes as CBS has been struggling to gain traction with investors.

“There are very few opportunities to acquire a profitable, growing, well-managed Internet company like CNet Networks,” said CEO Les Moonves. “CBS stands for premium content and unparalleled reach, and CNet Networks will add a tremendous platform to extend our complementary entertainment, news, sports, music and information content to a whole new global audience.” read more »

Ask.com acquires Dictionary.com, other Internet reference sites in search of better answers

Ask.com has bought a stable of Internet reference sites that includes Dictionary.com in its latest effort to distinguish itself from online search leader Google Inc. and other much larger rivals.

Besides Dictionary.com, Ask is picking up Thesaurus.com and Reference.com in its acquisition of Lexico Publishing Group LLC. Terms of the deal, set to be announced Thursday, aren’t being disclosed. read more »

GodTube.com, a YouTube knockoff for the evangelical set, seems to be one step closer to building a kingdom on earth.Last week the site, which shows Christian videos and features a flip-through Bible and prayer blogs, received a $30 million investment from GLG Partners, a big London hedge fund. The investment valued GodTube at nearly $150 million, according to PaidContent.org.

GodTube offers sermons, theological debates, Christian rap videos and low-budget skits like “See man watching porn get caught by Jesus,” which plays out exactly as the title suggests. The investment will help sustain the on-screen Bible and a prayer wall where devout Web surfers can petition God to bless the afflicted or warm the heart of an intransigent girlfriend. read more »

From prweb,  still unconfirmed:

Corporation and LLC formation company acquires toll free number 1-800-COMPANY for $10 million.

(PRWEB) May 9, 2008 — The toll free number, 1-800-COMPANY, was acquired today by a document filing company that forms corporations, LLCs and trusts for $10 million. The associated website that promotes the company’s services, www.1800company.com, was recently launched as well.

The acquiring party is associated with Companies Incorporated (www.companiesinc.com) a corporation and LLC formation service that started business in 1977. The toll free number and website will be operated under newly formed 1-800-COMPANY, LLLP based in Santa Clarita, Calif. Santa Clarita touches the northern border of Los Angeles. 1-800-COMPANY, LLLP will be managed by Lincoln International Services, Inc. established in 1908. The 1908 company was acquired from a federal attorney who recently retired from the company formation business.

“We are excited about the new brand,” says CEO Kevin Wessell. “1-800-COMPANY® is a memorable brand name that, promoted properly, will breed in instant recognition and will allow us to serve more customers.”

Mr. Wessell adds, “We acquired the company that holds the toll free number along with an associated domain name and the trademark. Then we acquired additional relevant domain names. Now we have all pieces of the puzzle in place. Just to clarify,” Wessell adds, “the larger transaction was between two of our companies for tax reasons and to set a value on the brand. So, we acquired the individual pieces from various outside parties for a hefty sum but a bit less than the numbers that are being tossed about in the media. We see a tremendous growth of the enterprise with the addition of this valuable new brand.”

BQB.com has recently started operating as a new auction site for short domains:

BQB.com is a no commission, next generation domain name auction platform dedicated to short domains. Founded in March 2008, BQB.com Inc seeks to reduce the pain sellers of domain names currently endure, paying exhorbitant commissions which are in our opinion often unjustified. BQB.com also seeks to create a marketplace for short domain names, which we believe will continue to be one of the strongest appreciating internet investments for many years to come. BQB is founded on Professionalism - each member is individually screened, successful applications are manually approved. Better Quality Business really is just a few keystrokes away! read more »