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Shopify acquired Shop.app for $200K confirmed

Labeled as news in Domain Industry News, started by illumy, Apr 1, 2020

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  1. illumy

    illumy Established Member

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    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Dave

    Dave Top Contributor VIP ★★★★★★★★★★

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    I recall this domain being $12,000 EAP when it was released. Bravo to whoever made that nice profit.
     
  3. Internet.Domains

    Internet.Domains Top Contributor VIP

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    That is a whale purchase. When the whales start buying .app's it's hard not to notice.
     
  4. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    EAP goes down day by day, but it has a $2K renewal, which is a lot for an investor, but nothing for shopify.
     
  5. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent VIP Gold Account Trusted Blogger

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    Thank you for confirming the purchaser @illumy. @DomainNameWire had speculated they might be the purchaser, but nice to have the ownership now proven. As others indicate, it is good when big businesses get new extensions in major purchases. I believe this is a bigger business than any of the higher value NameBio-listed new extension sales.

    Shopify has headquarters in Ottawa, Canada, but it is global in operations. It has more than 5000 employees and sales in 2019 of $1.58 billion. Although 16 years old, it has grown strongly in recent years through both acquisitions and expansions. It has embraced IT and robotics in its operations.

    Thanks again for info.

    Bob
     
  6. DigitalRoar

    DigitalRoar Established Member

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    Not a bad sale for a New gTLD
     
  7. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    Given they own shopapp.com, and it's a dead page, I am sure markmonitor got a % on this sale, brand protection, good on the seller to ask a decent price.
     
    Last edited: Apr 1, 2020
  8. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent VIP Gold Account Trusted Blogger

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    Or I would say for any domain name :xf.smile:. It is the 6th highest-value sale listed in NameBio yet in 2020 (above it are 4 .com and one .co.uk).
    Bob
     
  9. Donmarick

    Donmarick Established Member

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    Hmm it even looks nice. Great deal
     
  10. Pay.My.id

    Pay.My.id Established Member

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    Really impressive sales..
     
  11. nikolasbp92

    nikolasbp92 Upgraded Member Gold Account

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  12. john_karr

    john_karr Established Member ★★★★★★★★★★

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    Nice, congrats to both parties.
     
  13. coolhands

    coolhands Established Member

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    Does the Seller listed shop.app in sedo as a Buy now listing for a fixed price of $200k or as a Negotiable listing?

    I hope we can get that important information.
     
  14. illumy

    illumy Established Member

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    Negotiate
     

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