CogNews.com just Sold for $2755 on TDNam.
The domain is not something, but it used to be a popular site and it has a pr6 and over 20K links in yahoo.
Also alexa below a million, which indicates it has some decent traffic. I was in the auction, but decided to give it up eventually.
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 »
Domain news reports:
As promised, we are keeping you up to date on this developing story… As we reported yesterday, Microsoft Chief Executive Steve Ballmer had held firm with the original offer, insisting it was fair in light of Yahoo’s eroding profits during the past two years. He threatened an attempt to oust Yahoo’s board if the 10 directors, including Chief Executive Jerry Yang, didn’t accept the offer by April 26th.
Since Yahoo has forced the issue by letting the deadline pass, Ballmer appears ready to put more money on the table. Microsoft’s board reportedly met earlier this week to consider raising the bid as high as $33 per share. It wasn’t clear whether Microsoft presented that figure, which would translate to about $47.5 billion for the deal, to Yahoo Friday. read more »
In a report published on Monday, Google said it was concerned about the free flow of information on the Internet if Microsoft was to succeed in acquiring Yahoo.“We would be concerned by any kind of acquisition of Yahoo by Microsoft,” Chief Executive Eric Schmidt told reporters.
“We would hope that anything they did would be consistent with the openness of the Internet, but I doubt it would be.”
Schmidt pointed to Microsoft’s past history and “the things that it has done that have been so difficult for everyone,” but he did not elaborate. read more »
AOL Annouced today that it will pay $850 million in cash to acquire social media network Bebo, which has total global membership of more than 40 million.
Bebo is one of the largest social networks in Britain, and is ranked number one in Ireland and New Zealand and number three in the U.S, according to AOL.
News Corp. , which also owns the Fox television and movie studios, in addition to newspaper and Internet holdings, bought MySpace for $580 million in 2005, but has estimated the network is now worth more than $15 billion.
Facebook Inc., which owns the Internet’s second-largest social network behind MySpace, now arguably has a $15 billion market value, based on Microsoft’s purchase late last year of a 1.6 percent stake for $240 million.
There is still rumored talks between Yahoo and AOL.
DOVER, Del. (AP) — Two Detroit pension funds have sued Yahoo Inc. and its board of directors, saying they breached their duties to shareholders in trying to thwart a takeover by Microsoft Corp.
The lawsuit was filed in Delaware Chancery Court on Thursday by lawyers representing Detroit’s police and fire retirement system and general retirement system, as well as “all other similarly situated public shareholders.”
According to the lawsuit, Yahoo’s board is pursuing “value-destructive” third-party deals in an effort to fight off Redmond, Wash.-based Microsoft, which on Feb. 1 announced a takeover bid of $31 per share in cash and stock, a 62 percent premium over Yahoo’s previous day’s closing price.
Sunnyvale, Calif.-based Yahoo, whose shares closed unchanged at $28.42 on Friday, rejected Microsoft’s $44.6 billion takeover bid as inadequate, but indicated that it might be willing to negotiate if the price was right. Yahoo is believed to want at least $40 per share, or about $56 billion. read more »
Yahoo will stop allowing arbitrage as of this Friday, will affect other major companies as well.
In a major move sure to have ramifications across the online advertising industry, Yahoo (YHOO) has told its advertising partners that it will no longer accept “arbitraged” traffic as of this Friday. Here’s a look at what this means for domainers and even the revenue of big online advertising companies.
That will be a hard blow to many “domainers” who only had a short term strategy of buy and selling clicks. Few months ago several threads poped up in DNF where people claimed to make over $1-2K/day on arbitrage and parked.com officially confirmed that they allow it. But now, as it was expected, the door has closed.
