NameSilo
James Iles

WE.com Sales Price was $8 Million. Buyer Revealed.

Views:
24,604
Comments:
20
By James Iles, Aug 5, 2015
  1. I've been told by a reliable source who wishes to stay anonymous that the domain name WE.com sold for $8 million. The sale was confirmed earlier in the year but price and details of the transaction were never disclosed.

    In an earlier article, I was able to confirm that the brokerage fee was around the $1 million mark, which allowed us to speculate that the final sales price may have been around $8-10 million.

    However, I can now reveal that the final sales price was $8 million, and the domain name was sold to Tencent - China's largest Internet service portal and creators of WeChat, a free messaging and calling app used by over half a billion people.

    The brokerage fee was reportedly 12.5%, which would mean that my article earlier in the year about WE.com's brokerage fee was right.

    The 12.5% commission is Sedo's standard commission agreement and was broken down into two agreements: firstly, a 10% brokerage fee. Secondly, a 2.5% fee for the brokerage firm not to reveal the price paid.

    As Sedo was the main broker in the deal, I reached out to Sedo to ask whether they could confirm any of the details above, but naturally they couldn't.

    This $8 million sales price would put We.com at the 7th largest domain sale on record, only $500,000 behind FB.com.

    Update on Aug 24, 2015: The WHOIS information has been updated to show the registrant as [email protected] as the owner. This email address was used in the $300,000 acquisition of Heika.com by Tencent Holdings (owners of WeChat).
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Next Article
    Top Topics: Free Parking Revenue Domains; Alternative Extensions; Current 5N .com Values; MOZ...
    Previous Article
    Inside Interview: The $185,000 StockBrokers.com Domain Name
  3. Loading...
  4. James Iles

    About The Author — James Iles

    James is a domain name industry professional currently working on numerous domain industry research, acquisition and sales projects. Contact [email protected] For all inquiries relating to NamePros stories and interviews, please email: [email protected]

    This is James Iles's 50th blog post on NamePros. View all blog posts

    Home Page:
    https://about.me/iles
    Actions:
    Follow
  5. Comments (20)

  6. sam roy

    sam roy Top Member VIP

    Posts:
    2,051
    Likes Received:
    2,196
    pretty good sale. Broker(s) too got their deal:)
     
  7. Skyvisum

    Skyvisum Top Member VIP

    Posts:
    1,177
    Likes Received:
    2,101
    Good info James.I'm glad I subscribed and I enjoy seeing alerts and knowing it's another wonderful article.
     
  8. Doron Vermaat

    Doron Vermaat Email [email protected] for the fastest Efty support. Efty Staff PRO Gold Account VIP

    Posts:
    1,739
    Likes Received:
    3,995
    So the buyer (or seller?) paid a whopping $200,000 to Sedo to keep the aquisition price confidential and know all the details are public anyways. I personally would be pissed off.
     
  9. S-B

    S-B Account Closed

    Posts:
    3,503
    Likes Received:
    5,690
    +1
     
  10. Omar Negron

    Omar Negron Top Member VIP

    Posts:
    1,484
    Likes Received:
    1,517
    Nice $ale!
     
  11. Sheogorath

    Sheogorath Top Member VIP

    Posts:
    917
    Likes Received:
    1,598
    Great sale price :)

    I'm happy for the seller and broker.
    It's nice to see that they waited for the best offer and didn't hurry to sell it,
    many people would have accepted low or mid 7 figures.
     
  12. elevator

    elevator DnCombo.com VIP

    Posts:
    1,804
    Likes Received:
    1,274
    Thanks for the information
     
  13. Paully

    Paully Established Member

    Posts:
    228
    Likes Received:
    183
    Sedo should pay back that fee. They get the success fee and the publicity, not fair that they also get paid for not keeping the deal private when it benefits them that it wasn't.
     
  14. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

    Posts:
    21,117
    Likes Received:
    22,431
    I don't think seller paid the regular Sedo fee.
    The fee for the sale of vodka.com (a 3-million sale back in 2006) was negotiated too.
     
  15. doubleU

    doubleU Top Member VIP ★★★★★★★★★★

    Posts:
    2,345
    Likes Received:
    3,268
    Reg'd since 1992 it's a heavyweight contender !
     
  16. Joseph Green

    Joseph Green Restricted (Posts) ★★★★★★★★★★

    Posts:
    748
    Likes Received:
    1,050
    They should know better than to pay Sedo that absurd fee. Actually, they should know better than to use Sedo at all. Now they know.

    This information should be public. I'm glad that it is now.
     
  17. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

    Posts:
    21,117
    Likes Received:
    22,431
    Perhaps the domain sold for that much, precisely because Sedo brokered the sale.
     
  18. Praysis

    Praysis Account Closed

    Posts:
    8
    Likes Received:
    2
    great sale! i like it :)
     
  19. anhnguyenict

    anhnguyenict Established Member

    Posts:
    964
    Likes Received:
    277
    Very cheap for a super star domain name!

    Personally, I think WE.com = 2x to 3x of FB.com
     
  20. mad409

    mad409 Always thinking outside the box! VIP

    Posts:
    3,375
    Likes Received:
    4,115
    They paid 8 million to use as a redirect for the site its going to? O.o

    I must be missing something here..
     
  21. BhuvaneshKV

    BhuvaneshKV Established Member

    Posts:
    216
    Likes Received:
    71
    good domain, worth it.
     
  22. Jordan22111

    Jordan22111 Established Member

    Posts:
    33
    Likes Received:
    28
    Wow this is a nice story to learn about. I am interested in seeing what they plan on developing this into. It seems like they are looking for a short name, two letters and turning it into a holdings company or something more?
     
  23. dotplus

    dotplus Established Member

    Posts:
    93
    Likes Received:
    97
    we.company is ok ?
     
  24. B&J

    B&J Member DNPric.es Staff VIP ★★★★★★★★★★

    Posts:
    424
    Likes Received:
    261
Topics / Tags:
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...