Huge .co.uk Sale For $7.5M-$14M: Mortgages.co.uk, Investments.co.uk, CreditCards.co.uk, LifeInsurance.co.uk, HealthInsurance.co.uk, Savings.co.uk
We usually don’t hear about too many huge deals involving .co.uk domains but this one is certainly a blockbuster.
A public company in the United Kingdom purchased some of the best possible insurance and financial .co.uk domain names for a total of £4.6m, rising to up to £9m depending on performance.
Based on exchange rates, this equated to a sale of around $7, 355,500 with possibly as much as over $14 Million again depending on Performance
The domain names are simply some of the best possible .co.uk domains.
Included in the sale:
The buyer of the domains is Moneysupermarket.com, an the internet comparison site operator, which got them domains when they acquired Financial Services Net which main site is Financialservices.co.uk.
Moneysupermarket said the acquisition would provide “a platform for the group to broaden its brand offering to a wider range of customer segments in the money and insurance (divisions)”.
This company appears to be the Quinstreet of the UK.
Its a great acquisition and should increase the companies insurance and financial products.
Of course had these been .com domains many of these would have sold individually for more than the total high side of the acquisition of $14M.