Banks.com has just announced that they have sold the domain Look.com
The buyer appears to be Quidsi, Inc. of Jersey City New Jersey.
The purchase price was not disclosed.
The domain was up in a Sedo.com auction earlier this year with a reserve range of $500K-$999K but did not sell.
Here is the press release:
“Banks.com, Inc. (NYSE Amex: BNX), operator of leading financial services focused online media properties, announced today that it has completed the sale of the domain name, Look.com. “As we previously announced was our intention, we are divesting those assets that are no longer core to the finance vertical. With the sale of Look.com, we’re able to convert what has been a non-productive asset since we exited the search business into cash that will help build our core business going forward,” said Dan O’Donnell, Chief Executive Officer of Banks.com. “We now have the necessary resources to focus on what is shaping up to be a very successful 2012 tax season, which is less than two short months away.”