Internet.com $18000000

[R.C.S]

Internet.com sold (inkl. Assets) for $ 18.000.000.-

 

[wot]

"The slicing-off continues at WebMedia Brands.

The company announced a deal to sell off its Internet.com unit for $18 Million to QuinStreet. The stock WEBM is up 7 cents, or 12.92%, to 61 cents as of this writing, on the news of the sale."

 

[cwinhall]

For mroe info - http://www.domainnews.com/en/internet.com-sells-for-$18-million.html

 

[shane mac]

That is just an amazing price for an amazing name.

 

[john_karr]

Nice name!

 

[Expron]

Wow, astounding sale!

 

[thewebhostingdir]

Wow. What a deal? I mean it is amazing the word itself internet.com - the Internet and IT Network from WebMediaBrands Inc.. Simply superb

 

[kemjika11]

A good sale because many domain holders have undersold many names recently,but, i actually don't think this name is worth $18M,so good deal for seller, not so great for buyer.

 

[Dhaval]

It is just an amazing amount,

 

[Sameh]

I think some people misunderstood the deal. $18 Million wasn't for the domain internet.com only, It's for the whole internet.com Network.

Publicly traded WebMediaBrands, Inc. reported the sale of its Internet.com division for $18,000,000 to QuinStreet, Inc, in an all cash deal that is pending approval from the WMB board of directors. The Internet.com Network is comprised of many different brands focusing on developers, IT, Internet news, personal technology and small business.

Internet.com brands that are also presumably included in the deal are BlackberryGuide.com, InternetNews.com, DatabaseJournal.com, WebDeveloper.com, JavaScript.com, Developer.com, and many others. Each of these brands operates on its own website under the Internet.com umbrella.

Source: elliotsblog

 

[lincolndsp]

the buyer got the bargain. IMO

 

[DnEbook]

a category killer

 

[susanqy]

My God! so expensive!
but ,yes ,internet.com is so nice

 

[sashas]

Umm...too big of a category, perhaps?

Awesome name nevertheless

 

[saucey]

Holy Crap

 

[lzy]

$18,000,000! WOW!

I guess the owner of Internet.com can now retire comfortably.

 

[windowsxp]

that name is very worthy for $ 18 million

 

[thebutler]

Whole package

I think some people misunderstood the deal. $18 Million wasn't for the domain internet.com only, It's for the whole internet.com Network.




Source: elliotsblog

When you see all teh assts included in the deal you can see that the seller grabbed a pretty nice deal. Now I doubt they will be generating enough off the deal but long term it a great deal.

 

[hocuspocus32]

mind blowing

 

[Blindkilla]

Looks like they're set for life.