Lastminute.com sells for $1.07B

[ZuraX]

Travelocity seals Lastminute deal

Online retailer Lastminute.com has agreed to a £577m ($1.07bn) takeover bid from Sabre Holdings, owner of the Travelocity online travel business.
Lastminute shares rose 8% on Thursday, after surging by more than 45% a day earlier when it revealed the approach

http://news.bbc.co.uk/1/hi/business/4539253.stm

 

[stscac]

holy holy highjumps

 

[StudioWorks]

jesus. that's alot!

 

[ZuraX]

Think they bought it more for the content....

 

[dgaussin]

And the customers LastMinute is a great company with a strong reputation in Europe...

 

[punjabi007]

WOW...one day we will be there!

 

[dewd]

wowwwwwww

 

[zaros64]

nice sale eh? but it was worth it(or else the person wouldn't of bought it)

 

[CrazyTech]

Nice to see such a large deal and I must agree with majinbuu1023. Would be nice to hit one of these some day.

 

[Ringr]

One billion?
Are they nuts?

 

[Brian]

Well they are getting more than just a domain, its a whole business, businesses sell in the billions all the time. But great sell

 

[Jeffrey]

Yes, i think they bought everything: the business, the domain, the employees, the products, including the dogs.

 

[mdadnan]

buys all, :p
lastminutes.com
lastyminutes.com
finalminutes.com
finallyminutes.com
finalminute.com
finalmoment.com
finalmoments.com
finallymoments.com

coming back to the point, is it the biggest domain sale in history?

 

[ZuraX]

coming back to the point, is it the biggest domain sale in history?

No because they bought more than just the domain.

 

[.X.]

Whewww weee! That's awesome!

 

[snareklutz]

Yea...have to agree, no the best sale in history.

 

[nametrekker]

wow -- any idea on the revenues of last minute prior to sale?

 

[FusunMedia]

LastMinute really reminds me of HotWire for some reason. I wonder what the revenue/profit was for Lastminute in 2004 for Travelocity to buy them straight out for $1.07 billion.

 

[ThreeD]

holy crap that is a lot of money...

 

[dpk87]

Ya, the domian isn't worth all that much, its all the company.

 

[HFear]

Travelocity seals Lastminute deal

Online retailer Lastminute.com has agreed to a £577m ($1.07bn) takeover bid from Sabre Holdings

Nice! Isn't Sabre Holdings a member here at NamePros?