In a recent tweet, investor George Kirikos revealed that he has found another multi-million dollar domain name sale that was recently revealed in an SEC filing.
The paperwork indicates that the domain name CancerInsurance.com was acquired in a seven-figure deal. The SEC filing shows that the domain was bought by a company called Tranzact in a $3.1 million deal that included $1.1 million in cash. Their official website says that Tranzact is a premier marketplace for the distribution of direct-to-consumer insurance products.
In a subsequent tweet, George reported that the SEC filing went on to say, "the maximum amount of the contingent consideration is $6.8 million." This means that the domain name transaction could ultimately be valued at $7.9 million.
Whilst the SEC filing discloses the fact that the price paid was $3.1 million for the domain name, it also mentions other intangible assets are included. I'm not an expert on SEC filings, but I think this could mean that the entire website was included in the price. According to ScreenShots.com, the domain name has hosted the same website since at least December 2013.
Previously, the domain name was under WHOIS privacy protection. The most recent public WHOIS record shows Internet entrepreneur Louis Spagnuolo as the registrant.
According to Google's Keyword Planner, the term
The paperwork indicates that the domain name CancerInsurance.com was acquired in a seven-figure deal. The SEC filing shows that the domain was bought by a company called Tranzact in a $3.1 million deal that included $1.1 million in cash. Their official website says that Tranzact is a premier marketplace for the distribution of direct-to-consumer insurance products.
In a subsequent tweet, George reported that the SEC filing went on to say, "the maximum amount of the contingent consideration is $6.8 million." This means that the domain name transaction could ultimately be valued at $7.9 million.
Whilst the SEC filing discloses the fact that the price paid was $3.1 million for the domain name, it also mentions other intangible assets are included. I'm not an expert on SEC filings, but I think this could mean that the entire website was included in the price. According to ScreenShots.com, the domain name has hosted the same website since at least December 2013.
Previously, the domain name was under WHOIS privacy protection. The most recent public WHOIS record shows Internet entrepreneur Louis Spagnuolo as the registrant.
According to Google's Keyword Planner, the term
Cancer Insurance gets 2,900 searches per month globally. At the time of publication, Estibot values the domain at $73,000.
He had direct contracts with most of the major insurance companies offering cancer insurance and was selling their insurance policies in every state through the website.
