FLY.COM sells for 1.8M

[pcaero]

Travelzoo Purchases Fly.com Domain Name for $1.8 Million
Friday January 30, 12:37 pm ET


NEW YORK, Jan. 30 /PRNewswire-FirstCall/ -- Travelzoo (Nasdaq: TZOO - News), a global Internet media company, today announced that it has purchased the Internet domain name fly.com for $1,760,000 in cash. Travelzoo intends to use this domain name for a new information Web site to be launched in February.


"We are delighted to acquire fly.com for our new offering," said Brian Clark, senior vice president and general manager, search products, Travelzoo. "The name is a perfect match for Travelzoo's renowned approach: simple, fun, and world class. Where others see doom and gloom we see opportunities to serve travelers and advertisers with innovative approaches to finding the best values in travel."

The domain name purchase was brokered by Sedo.com, LLC.

About Travelzoo

Travelzoo is a global Internet media company. Travelzoo's media properties, which reach more than 14 million travel enthusiasts in the U.S., Australia, Canada, China, France, Germany, Hong Kong, Japan, Spain, Taiwan and the U.K., include the Travelzoo® Web site (www.travelzoo.com), the Top 20® list, the Newsflash(TM) e-mail alert service, the Travelzoo Network(TM) and SuperSearch(TM), a travel search engine. Travelzoo publishes offers from more than 900 advertisers. Travelzoo's deal experts review offers to find the best travel deals and confirm their true value. Travelzoo's global headquarters is in New York City.

http://biz.yahoo.com/prnews/090130/ny64932.html?.v=1

 

[Ms Domainer]

*

Wow!

Now all they need is Fly [dot] me.

*

 

[Domainate.com]

Why does this seem like old news? I thought I heard this before...

It IS an awesome sale though and probably well worth the money to the buyer. Win-Win sales like that are always nice to see.

 

[ripley]

Because they've been trying to sell it for a few weeks/months now. It was up on Sedo for I think a reserve range of more like 2.5 - 3 million if I'm remembering right, but clearly they didn't get it. Guess they decided to come down on their price.

FWIW, this sold for $1.5 million in 1999. In my opinion, it should have appreciated for a lot more in that amount of time, considering the domain.

ripley.

 

[Mike]

Indeed, a higher rate/percent of appreciation would have been nice. Had they held on to it until the economy rebounds/rebalances, they would have seen a higher return. For the current challenges that most companies are facing though, this was still an acceptable sale.

M.

 

[Spade]

FWIW, this sold for $1.5 million in 1999. In my opinion, it should have appreciated for a lot more in that amount of time, considering the domain.

ripley.

Bare in mind the .com crash. People were throwing billions of dollars at anyone with a concept. Prices from then simply cant compare to a real understanding of internet value now.

 

[HBK216]

Great deal for the buyer as the name is worth more in my honest opinion. If I was the company who owned it & had other money available, I would have held out for more.

 

[Tim Schoon]

hell yea!! sweet, now get me my typo fkly.com some traffic lol

 

[htmlindex]

A good deal for the buyer of this name IMO

 

[DomainTalker]

As Kevin Ham said recently: 'The important thing during this crisis is not to run out of cash'...

That $1.8m may be what gets the previous owner of Fly.com through these times...

.

 

[edwardning]

really very good deal!

 

[bmike]

This name should have sold for at least $3mil.. :imho:

 

[DotUSDomains]

And you would think they would forward it to there own site instead of having a simple placeholder/image stating there plans,

i wouldnt like to guess how much there loosing per day having it like that.

 

[seank]

needed to sit on it for a few more years would have made a few more bobs

 

[onewordonly]

I'm sure I herd this domain sold for a high amount only recently as well.

 

[Smartphone]

Wow what a sale.

 

[RareIQ]

Certainly a steal at that price

 

[liang]

very good

 

[InternetMoney]

It doesn't sound cheap to me. It shows values are there for domains that make sense.

 

[DotUSDomains]

Not just a domain,

Must have been making 20 - 30K a month, and in my books thats a business