sales Cars.com is the largest domain sale in history

[lennco]

Cars.com has been confirmed to have been the largest domain sale in history, with a staggering $872,320,000 dollar valuation.

If anyone doubted the $872 million valuation of the Cars.com domain name, see first paragraph of page 80 https://www.sec.gov/Archives/edgar/data/1683606/000119312517167603/d553683ds1.htm

@Rick Schwartz Agrees
https://twitter.com/DomainKing/status/865576328048893953

 

[elevator]

Although the headline of this thread is already nonsense, ('domain sale') here is another so called 'domain sale' (nothing other than a company sale, including the domain) which is even higher than cars.com:

$3.3 B USD for the 'domain' (company) jet.com

ccTLDmarket
http://www.cctldmarket.com/p/normal-0-false-false-false-en-us-x-none_9.html

Bloomberg
https://www.bloomberg.com/news/arti...-to-buy-jet-com-for-3-billion-to-fight-amazon

Forbes
https://www.forbes.com/sites/ryanma...iggest-u-s-e-commerce-deal-ever/#142bba1a20b1

So the 'domain sale' (hahaha) of jet.com ($3.3 B USD) was $0.8 B USD higher than the 'domain sale' (hahaha) of cars.com ($2.5 B USD).

So the point is to find out which is / are really the highest domain/s in history.

@KINGOF.TOP Thanks for the reference. Cheers

 

[Sinh]

 

[Rhythm8]

Unfortunately I cannot access DomainGang from my country, I've searched on Google and multiple sources said it's for the whole business, not only for the domain.

you are a lucky man

 

[Premiums]

So ... is it fake or real?

 

[barefooted]

Cannot access domaingang too.

 

[Kate]

business.com was a big sale, but it was not a pure domain sale either.

 

[Addison]

DomainGang says:
May 19, 2017 at 5:44 pm

It’s not an “opinion” if it’s reported as an asset with a valuation price, calculated by an acceptable method and formula. Whether that same domain would sell “as is” for e.g. $10 million, is irrelevant; the fact is that it did sell, and the domain portion of the $2.5 billion acquisition is valued at $872 million.

 

[MapleDots]

Or a newbie can register.... www.IOwnCars.com

Technically he could brag that he owns the most expensive domain in the world

Hmmm, where have I heard that before?

 

[dordomai]

ca.rs now worth 1M - pls buy on sedo

 

[HotKey]

If anyone doubted the $872 million valuation of the Cars.com domain name, see first paragraph of page 80

So they are valuing the domain name at 34% worth of the total acquisition. This is an internal valuation, it's the same as Kingof.Top saying he has a billion dollar domain. Come on, the title of this thread is ridiculous and I am disappointed the OP has decided for an attention grab rather than the facts. Not an actual domain sale.

 

[Dondomainer]

No you'll see how some genius says - If Cars.com was sold for $872,320,000, my carrrs or caars or any of those crazy combinations worth 1M..mom I'm rich!!

 

[dordomai]

What's the next step for the previous owner/s ?! I Can't imagine Google or Amazon selling their businesses for any amount of money!

what do you mean with next step? you mean they want to acquire another biz?

 

[Sinh]

Casino.com sold for $5.5M is still very far to compare to Cars.com

 

[platey]

I have got half of that name lol

Goodlittlecars.com lol

 

[Recons.Com]

The Cars.com business was sold for 2.5 Billion dollars and the SEC filing by the company state that the domain name as an intangible asset was worth 34% to the company. So even though it's not an outright sale of the domain, the buying company agreed to the selling company's evaluation and did pay the asking price.
Now would this domain sell without the business for close to a BILLION dollars, I and many people highly doubt it. But since it was part of a business sale, I suppose they were free to put any price they liked on it within the accepted accounting guidelines. It could be for tax purposes, for making a buzz, or whatever reason. But they indeed evaluated it and sold it at 872M.

This is not true

It said 34% of parent was cars.com ASSET not DOMAIN.

Asset included domain, company, business cash flows, clients, connections, staff etc.

 

[Recons.Com]

I'm not sure where you're pulling your information from but clearly, you have not read the SEC filing by Cars.com Inc. and what you said above makes no sense.

Here is a link to it:
https://www.sec.gov/Archives/edgar/data/1683606/000119312517167603/d553683ds1.htm

Well, you might have read it, but clearly misunderstood it.

I followed the link and am quoting what it says exactly. Pay attention that it mentions "Cars.com trade name", not "Cars.com domain".

Those are COMPLETELY different. Value of the trade name includes its reputation, loyal base, registered users etc.

The way 34% was calculated was (at least, in accordance with normal accounting process) the sale price minus book value of all assets the difference being attributed to the value of the brand. Brand here being "Cars.com" only because they chose to be called "Cars.com" and not "Cars" or something else. Apple chose to be called Apple and not "Apple.com" and if they would be sold like that the text would read "we have an intangible asset ... associated with Apple trade name".

In connection with our acquisition by Parent, we have an intangible asset with an indefinite life associated with the Cars.com trade name. This asset represented 34% of our total assets at December 31, 2016. The indefinite lived intangible asset is tested annually, or more often if circumstances dictate, for impairment and is written down to fair value as required. The estimate of fair value is determined using the “relief from royalty” methodology, which is a variation of the income approach. The discount rate assumption is based on an assessment of the risk inherent in the projected future cash flows generated by the trade name intangible asset. The results of our 2016 annual impairment test of the indefinite lived intangible asset indicated the fair value exceeded its carrying value by more than 10%, and therefore, no impairment existed. Although the trade name asset is not currently impaired, changes in future market rates or decreases in future cash flows and growth rates could result in an impairment charge in a future period.

 

[JoeE]

Well, you might have read it, but clearly misunderstood it.

I followed the link and am quoting what it says exactly. Pay attention that it mentions "Cars.com trade name", not "Cars.com domain".

Those are COMPLETELY different. Value of the trade name includes its reputation, loyal base, registered users etc.

The way 34% was calculated was (at least, in accordance with normal accounting process) the sale price minus book value of all assets the difference being attributed to the value of the brand. Brand here being "Cars.com" only because they chose to be called "Cars.com" and not "Cars" or something else. Apple chose to be called Apple and not "Apple.com" and if they would be sold like that the text would read "we have an intangible asset ... associated with Apple trade name".

I'm sure that you know that anyone who cared enough to read it would understand that the domain was being used as the trade name of the company. That's why I said in my original comment that

Now would this domain sell without the business for close to a BILLION dollars, I and many people highly doubt it. But since it was part of a business sale, I suppose they were free to put any price they liked on it within the accepted accounting guidelines.

Meaning taking into account the goodwill they built around it. so that was precisely my point because this was not merely a domain name but also a trade name. So, again I fail to understand the basis of your disagreement with my original comment.

 

[DOMAIN ILLUMINATI]

The so called 'domain sale' of cars.com was a company sale, including the / it's domain as a part of it.
We all know that

+++

I'm waiting for @KINGOF.TOP to say he owns carscarscarscarscarscarscarscarscarscarscarscarscarscarscarscars.cars

No one will ever own this domain, this domain is technically not possible.
Because it has 16 times 'cars' in it's domain name which results in 64 characters - but the maximum number of allowed characters is 63 characters.
So there is one 'cars' too much, it can only have 15 times 'cars' which will result in 60 characters.

But let's wait and see who will own the following domains:

carcarcarcarcarcarcarcarcarcarcarcarcarcarcarcarcarcarcarcarcar.car
- highest possible number of 'car' in a domain name (21)
- highest possible number of characters in a domain name (63)
- TLD .car

carscarscarscarscarscarscarscarscarscarscarscarscarscarscars.cars
- highest possible number of 'cars' in a domain name (15)
- 60 characters in it's domain name
- TLD .cars

autoautoautoautoautoautoautoautoautoautoautoautoautoautoauto.auto
- highest possible number of 'cars' in a domain name (15)
- 60 characters in it's domain name
- TLD .auto

 

[Raymond C]

Why I can't access DomainGang website? Block me?

This site can’t be reached
domaingang.com’s server DNS address could not be found.

 

[Raymond C]

lol .. Do not mix drugs

Combination hot pot.....lol

 

[dordomai]

So the point is to find out which is / are really the highest domain/s in history.

5trilliondollardomain.com

 

[tithidomaintrade]

SelfDriving.com
Self-Driving.com
SelfDrivingCars.com
DriverlessCar.com
DriverlessCars.com
AutonomousCar.com
AutonomousCars.com
Self-DrivingCar.com
Self-DrivingCars.com
SelfDriveCar.com
SelfDriveCars.com
SelfDrivenCar.com
SelfDrivenCars.com
SdCar.com
SdCars.com

the best chunk of names you have in 'cars'

 

[SellDomains.site]

its a domains +business sale, not just a domain from an auction, but a real money making biz

but however its a clear message of a KILLER GENERIC NAME in the big game. bam

Yes its .

 

[tithidomaintrade]

its a domains +business sale, not just a domain from an auction, but a real money making biz

but however its a clear message of a KILLER GENERIC NAME in the big game. bam

what's yr thoughts for cars.zone

 

[tithidomaintrade]

Hand Reg 14 years ago?

genius!