Amazon.com buys Joyo.com for $72 million

[aww]

(reprinted from Domain Food: http://domainfood.com/archives/000106/ )

Amazon.com has bought Joyo.com for $72 million. Joyo is China's largest online retailer of books, music and videos.

This will be Amazon's seventh addition to their worldwide network. Amazon anticipates serving more than 80 million consumers in China through Joyo.

Joyo is barely four years old and only went online in 2000. Amazon was trying to buy their competitor "DangDang.com" over the past six months, but DangDang rejected offers up to $1 Billion.

Associated Press coverage
Reuters coverage

(since this sale includes Joyo's assets, it does not go onto Domain Food's highest domain sales list)

 

[suthra]

Thanks for this info avalon. I regged two typos because of this info.

 

[Raf]

Thanks for the sharing the news with us aww.

 

[redhippo]

wow! lots of dollars! hoping my flagship will be worth $$$$! one day!!

 

[HFear]

Amazon was trying to buy their competitor "DangDang.com" over the past six months, but they rejected offers up to $1 Billion.

I would never reject this amount, $1 billion is more than enough!

 

[Shannara]

'Maybe one of the reasons the offers were rejected was because DangDang did not want to gouge their customers like Amazon is currently doing.

 

[Jeff]

Holy crow?!? :blink:

Link: http://www.joyo.org

Thread:
http://www.namepros.com/showthread.php?t=7890

:wave:

 

[jon]

*shock* How good would it be for amazon to offer you that kind of money for a website.
/me drules

 

[vanesaa]

*shock* How good would it be for amazon to offer you that kind of money for a website.
/me drules

It's not just a website or a domain name. It's a whole corporation with inventories, employers etc.

 

[ypn]

Holy crow?!? :blink:

Link: http://www.joyo.org

Thread:
http://www.namepros.com/showthread.php?t=7890

:wave:

wow nice one there

 

[Scott]

wow nice one there

Indeed. Very nice!

 

[suthra]

HA HA HA, jeff, nice work

 

[HFear]

Nice job on this one Jeff! Try selling this to Amazon.. They'll surely buy it for millions !

 

[Elefekt]

Not sure about that millions but they might take an interest in it. Thats a really confident and proud online company to reject $1 billion.

 

[Redleg]

Holy crow?!? :blink:

Link: http://www.joyo.org

Thread:
http://www.namepros.com/showthread.php?t=7890

:wave:

Holy (es)crow... :lol:

Time to start warning up your account now wave, at least high $x,xxx to $xx,xxx for that one IMO... :D

 

[Anthony]

Jeff is a quick one, I tell ya! NP pulls one off for you again!

Anyway, I can't think of any DangDang jokes, but DAAAAANG! -- turning down $1 billion?!?

 

[Ber|Art]

Wow, that a lot of Money, somebody is getting a long hollyday

 

[johnny6]

gulp.