Epik

GoDaddy sells Beijing.com

Labeled as sales in Domain Industry News started by Arpit131, May 15, 2015.

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  1. Arpit131

    Arpit131 Active Member VIP

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    According to whois records, GoDaddy’s newly acquired domain name Beijing.com which it acquired with the $28 Million purchase of Marchex domain name portfolio has been sold! Update: GoDaddy has confirmed the sale.
    The domain Beijing.com has changed registrants this morning to a Ivy Wong at eName Technology Co.,Ltd.
    Beijing is the capital of China with a population of over 21 million people.
    Denver.com sold for a confirmed “seven figure deal” in 2012.
    Korea.com sold for $5 Million in 2000.

    This is easily a seven-figure sale.

    Find the complete news on TheDomains
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. dronedomainnames

    dronedomainnames Established Member

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    is eName Technology Co.,Ltd. a government firm of china? What is the usage of beijing.com ...
     
  3. brandnow

    brandnow Active Member VIP

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    That was a super quick flip by GoDaddy.
     
  4. Compassion

    Compassion Let's do business together. PRO Gold Account VIP ★★★★★★★★★★

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    It would be awesome to find out the sale price....I predicted it would sell for several million, more than any other from the Marchex buyout. The next best name in the bundle is futbol.com

    Godaddy got a heck of a deal for $28 million.

    It seems a little strange that Marchex did not sell their best names first before dumping the rest in a buyout worth much less.

    14 of the best in the buyout: (These are worth $28 million alone imo)

    Beijing.com
    Locksmiths.com
    Corporations.com
    Refinancing.com
    Remodeling.com
    Destination.com
    Lasers.com
    Futbol.com
    Deportes.com
    Cuisine.com
    Saving.com
    KungFu.com
    Delis.com
    TourGuide.com
     
    Last edited: May 15, 2015
  5. Ali

    Ali Half Beard, Half Machine. Starfire Holdings PRO VIP Trusted Blogger Trusted Contest Holder

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    Epic!
     
  6. anhnguyenict

    anhnguyenict Established Member

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    super flip
     
  7. ulterios

    ulterios The Bear is Sticky with Honey VIP

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    Given how quick this flip happened, I wouldn't doubt that GoDaddy already had a buyer lined up and maybe even already committed.
     
  8. FPForum

    FPForum Top Member VIP ★★★★★★★★★★

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    I figured this one would go quick too... The Chinese market has been on such a boom lately I'm surprised it didn't sell sooner! I'm sure this was easily a seven figure sale... Buyer appears to be in China and I'm sure he's super happy. On the other hand, GoDaddy has probably already made back upwards of an eighth or quarter of what they paid for the entire portfolio... I think both sides won on this one! :)
     
  9. Compassion

    Compassion Let's do business together. PRO Gold Account VIP ★★★★★★★★★★

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    I still think Marchex was foolish and left millions on the table.

    Futbol & Beijing are worth $10 million + combined.

    There are other 7 figure names in the batch as well . .
     
  10. FPForum

    FPForum Top Member VIP ★★★★★★★★★★

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    Marchex definitely lost out on this deal...I'm talking about GoDaddy and the buyer of Beijing.com :)

    They were silly (or even, kinda stupid) for selling that entire portfolio for 28MM lol..Then again, money makes us do crazy things sometimes!
     
  11. Compassion

    Compassion Let's do business together. PRO Gold Account VIP ★★★★★★★★★★

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  12. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    No way those are worth $28 mil. Not even close IMO. $5 million for all would be lucky but doubtful.
     
  13. Compassion

    Compassion Let's do business together. PRO Gold Account VIP ★★★★★★★★★★

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    $28 million

    Beijing.com 6 million
    Futbol.com 5 million
    Destination.com 3 million
    Cuisine.com 2.5 million
    Deportes.com 2 million
    Lasers.com 1.5 million
    Locksmiths.com 1.5 million
    TourGuide.com 1 million
    Corporations.com 1 million
    KungFu.com 1 million
    Saving.com 1 million
    Remodeling.com 1 million
    Refinancing.com 1 million
    Delis.com 500k
     
    Last edited: May 16, 2015
  14. FPForum

    FPForum Top Member VIP ★★★★★★★★★★

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    I would have to disagree... Those names alone have to be worth upwards (or over) 28 million.. Once it comes out I wouldn't be surprised to see Beijing alone sell for 5-10MM. The only way it would be less would be if GoDaddy was looking for a quick sale. After the funding they got going public I don't think they were in a rush, but who knows.
     
  15. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    Not close. The top 4 are maybe million dollar domains to the absolute right buyer. Folks here act like it's common to see 7 figure sales. It's not. For example, locksmiths is more like very low 6 figures, not even close to $1.5...

    And I think if the price of Beijing is made public it will shock many because of the low selling point.
     
  16. Compassion

    Compassion Let's do business together. PRO Gold Account VIP ★★★★★★★★★★

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    The reality is millions of dollars represent tiddly winks to many investors. Especially so for the richest families and mega corporations who print the money and laugh at everyone while they swallow real assets.

    The all day and all night money printing by the central banksters has weakened the dollar substantially.


    $12 million today is about as valuable as $6 million in 2000 dollars when Korea.com sold for $5 million.


    Did you know that if minimum wage was equally comparable to what it was in the 1950s/1960s, it would be around $35/hour!


    The best of the best .coms are easily $1 million in the hyperinflated fiat currency
     
    Last edited: May 17, 2015
  17. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    The reality is only what sells now, not future and past stats. Domains like saving.com are 5 figures and maybe 6 when luck is involved.
     
  18. Compassion

    Compassion Let's do business together. PRO Gold Account VIP ★★★★★★★★★★

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    Savings.com sold for $1.9 million in 2003

     
  19. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    What does that have to do with it? One letter makes all the difference when it comes to domains.
     
  20. cdomainer

    cdomainer Established Member

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    Beijing.com is a extremely good domain name for china market
     
  21. Kate

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

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    Possible. But until a buyer steps up with checkbook open, the value of the assets is pretty much theoretical.
    The dilemma is always the same:
    • sell the domain below perceived value, but for real cash
    • or wait for a dream buyer that may never come
     
  22. Fancy.domains

    Fancy.domains Selling gTLDs like delicious hotcakes Gold Account VIP

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    I agree, but shouldn't GoDaddy be the kind of player who can afford to wait?!

    If I was into betting, my guess would be that it went for $4,5 million. But that is just guess with no "backup" whatsoever.
     
  23. The New Guy

    The New Guy Active Member VIP

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    Godaddy is a publicly traded company now. A large domain sale or two can help their quarterly numbers, while waiting 2-3 years for the perfect buyer who may never show doesn't help them at all.
     
  24. Kate

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

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    The real question is, how long did Marchex wait before them :) GD might have been more proactive, or more flexible on pricing, thus realizing a sale that couldn't happen under previous ownership.
     
  25. brandnow

    brandnow Active Member VIP

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