From A UDRP to a $238,000 Sale, Mobile.Co Has Apparently Sold

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Mike wrote yesterday about the owner of Mobile.pro losing its UDRP attempt for the domain Mobile.co. Mobile.co was purchased back in 2010 for $15,000 and today the buyer of that domain has supposedly sold the domain for $238,000. Chadi Ghaith posted the sale on his Facebook page.

It will be interesting to see if the Mobile.pro owner was the buyer of the domain. The previous dealing for the domain was rather odd as mentioned in the UDRP:

Complainant negotiated with Ghaith for purchase of the disputed domain name and reached an agreed price of $59,000.

Ghaith then sent Complainant a “Transfer Overview” page. The purchase agreement between the parties stated that, “in the event a breach of this agreement results in a failed attempt to transfer control of the purchase object mobile.co from seller to buyer, the aggrieved party shall have the right to demand specific performance in lieu of monetary damages.”

Once Complainant’s identity was revealed, Ghaith refused to honour the agreement and did not transfer the disputed domain name to Complainant.

When Ghaith was informed of the suit Complainant brought in the District Court of Arizona, Ghaith attempted to renegotiate sale of the domain name for “not below a $150k reserve.”

Prior to these events the domain name had not been used but now Ghaith began offering services that directly competed with Complainant.

Ghaith then transferred the domain name to Respondent, a personal friend.

According to DNPric.es this would be the second largest .co sale ever, right behind o.co and ahead of OnlineCasino.co at $100,000

 

Light.Co Bought For $25K In May On Afternic/Godaddy Raises $9.7 Million

Back in May of this year we reported that the domain name Light.co sold on Afternic/Godaddy for $25,000

A nice price for a nice .Co domain name.

Today the Term Sheet is reporting that Light.co, a digital photography startup, has raised $9.7 million in Series A funding.

Bessemer Venture Partners and CRV co-led the round, and were joined by Paul Jacobs (Qualcomm exec chairman) and Sanjay Jha (ex-Motorola Mobility CEO).

Now the question becomes what is going on with light.com

As present the domain does not resolve at all, which is usual for a domain of this quality.

The domain name light.com is owned by  The Light Company, with the address under privacy at Network Solution,s which owned the domain since at least 2000 according to DomainTools.com.

According to Screenshots.com, Light.com was a parked page as recent as 2012 and appears to have continuous been parked since 2004.

Neither Light.co nor Light.com has any Alexa or Compete ranking.

 

 

Launched – Grown – Sold The Miami Herald Discusses What’s Next for .CO Founders

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The Miami Herald did a piece today on the .CO Registry acquisition by Neustar. They spoke with Juan Diego Calle to find out what’s next for everyone now that the company is sold. Calle mentioned a better job and better benefits for employees. The article also mentions that Neustar did not get Pop.co in the deal.

 

Calle said Neustar’s plan is to keep the offices — and the jobs — in Miami and Colombia. There are 20 full-time employees going to Neustar, plus a few consultants.

“All of our employees are getting better jobs than they had at .CO, better benefits … and everyone got a sizable bonus. Letting them know they were getting the money and celebrating the transaction with them was the highlight of my career from an entrepreneurial standpoint — really very cool,” said Calle, who has been an outspoken proponent of launching and growing companies in Miami.

Of the co-founders, Calle and Nicolai Bezsonoff, the former COO, will serve as strategic advisors, managing the integration of the companies. Lori Anne Wardi will remain in the role of vice president, and will continue overseeing the evolution of the .CO brand, as well as help Neustar with the soon-to-be-launched .NYC extension. José Rasco will continue as managing director of STRAAT Investments, independent of Neustar. Eduardo Santoyo will continue to lead the Colombia office and all matters relating to government relations and Internet policy.

“I’m over the moon,” said Wardi after the closing. “This has been our baby, we saw such potential in these two letters and what they would become. . . . I feel so proud every time I see a .co.”

So what’s next? STRAAT and the co-founders had been planning to open a headquarters and co-working center in the West Brickell area that they call Building, and that will still open in September, Calle said. Building will house the Neustar team as well as other ventures. “The idea of Building is to attract companies in a similar life cycle as .CO. We want to fill the later-stage niche instead of going after the pure startup plays. We are considering whether to expand the concept and to take it to other cities like San Francisco, New York and London. That is a business plan we are going to be actively developing now that we have sold .CO,” he said.

Neustar didn’t acquire the subsidiary Pop.co, which allows consumers to set up a domain name, email account and website in 60 seconds. Said Calle: “You will see more push from us to build that out. Our goal is to make it one of the leading retail sites. We have a couple of other interesting things brewing.”

Read the full article here

Read more here: http://www.miamiherald.com/2014/04/20/4070348/launched-grown-sold-whats-next.html#storylink=cpy

The Sale of .Co To Neustar Closed Today; Offices To Stay In Miami

Although it was announced a few weeks ago, the sale of the  .CO Internet S.A.S to Neustar for $109 million dollars actually just closed today.

According to the MiamiHerald.com, the “Champagne popped and bonuses flowed after .CO Internet closed its chapter as an independent company and became part of the publicly traded Neustar on Monday afternoon.”

“In his first comments to the press about the transaction, Juan Diego Calle, co-founder and former CEO of .CO, said “The timing was right for both sides, Calle said. “We are going from a very regulated environment where there are a limited number of domain extensions into a world where there is essentially an unlimited number of options for consumers,” said Calle, referring to the thousands of new domain name options coming into the marketplace. “There’s this movement by the larger players in the industry to consolidate their positions of power and be market leaders in the new paradigm, and here we are, .CO, the most appealing of the new alternatives, so you can grab that asset and make it your flagship brand.”

“And for us, we were a small company with limited resources, we were profitable, we were growing. In that paradigm with thousands of alternatives, having a public company behind us owning the asset is a huge competitive advantage.

“Calle said Neustar’s plan is to keep the offices – and the jobs – in Miami and Colombia for the forseeable future.  There are 20 full-time employees  going to Neustar, plus a few consultants.”

“All of our employees are getting better jobs than they had at .CO, better benefits … and  everyone got a sizable bonus. Letting them know they were getting the money and celebrating the transaction with them was the highlight of my career from an entrepreneurial standpoint — really very cool,” said Calle, who has been an outspoken proponent of launching and growing companies in Miami.

“Of the co-founders, Calle and Nicolai Bezsonoff, the former COO,  will serve as strategic advisors, managing the integration of the companies. Lori Anne Wardi will remain in the role of vice president, and will continue overseeing the evolution of the .CO brand, as well as help Neustar with  .NYC, New York City’s soon-to-be-launched official domain extension.”

“Jose Rasco will continue as managing director of STRAAT Investments, independent of Neustar. ”

“Eduardo Santoyo, based in Bogota, will continue to lead the Colombia office and all matters relating to government relations and Internet policy.”

“I’m over the moon,” said Wardi on Monday. “This has been our baby, we saw such potential in these two letters and what they would become. … I feel so proud every time I see a .co.”

“Before the sale, STRAAT and the co-founders were planning to open a headquarters and co-working center in the Brickell area that they call Building, and that will still open in September, Calle said. ”

“Building will house the Neustar team as well as other ventures. “The idea of Building is to attract companies in a similar life cycle as .CO. We want to fill the later-stage niche instead of going after the pure startup plays. We are considering whether to expand the concept and to take it to other cities like San Francisco, New York and London. That is a business plan we are going to be actively developing now that we have sold .CO,” he said.

Neustar didn’t  acquire the subsidiary Pop.co, which allows consumers to set up a domain name, email account and website in 60 seconds. Said Calle: “You will see more push from us to build that out. Our goal is to make it one of the leading retail sites. We have a couple of other interesting things brewing, but right now the focus is on integrating .CO into Neustar as seamlessly as possible.”

Congrats to some of my favorite people in the domain space, Juan, Lori Ann, Jose and Nicolai.  An incredible success story achieved by some very hard working, brilliant people that took on the big boys and won the .Co contract from the government of Colombia over Verisign.

Excelente Trabajo.
Nos sentimos muy orgullosos y felices de que nuestros amigos.
Read more here: http://miamiherald.typepad.com/the-starting-gate/2014/04/champagne-popped-and-bonuses-flowed-after-co-internet-closed-its-chapter-as-an-independent-company-and-became-part-of-the-pu.html#storylink=cpy

.CO Internet S.A.S Acquired for $109 Million

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Neustar traded on the NYSE under the symbol NSR has a market cap of roughly $2.16 billion, today after the close they announced the acquistion of the company behind the .CO extension.

Neustar is acquiring  .CO Internet S.A.S for $109 million. Neustar recorded $4 million in revenue for its role as the back-end provider for .CO Internet, which will be eliminated upon consolidation.

 

.CO Internet exited 2013 with an annual revenue run-rate of $21 million. There are currently just over 1.6 million .co domains registered, Neustar manages the .US and the .BIZ extensions as well.

Neustar is unchanged in after hours trading.

Congrats to Juan Diego Calle, Lori Anne Wardi and the team at .CO.