According to cnet.com, Raymond Bitar, founder and CEO of Full Tilt Poker, was arrested yesterday as he arrived at John F. Kennedy International Airport (JFK) in New York and charged with running a Ponzi scheme, gambling, bank fraud, and money laundering offenses, faces up to 145 years in prison, if convicted of all the charges. "Full Tilt owed $350 million to players around the world while … [Read more...]
So Now That Apple Paid $60 Million To Settle The TM Dispute Over iPad In China, Tell Me Domains Are Expensive
News out this morning here in Europe is that Apple just paid $60 Million dollars to settle the claim of a Chinese company over a trademark for the term iPad. Yes Apple bought the Trademark rights from a Taiwanese company, but a Chinese company claimed the rights purchased did not include mainland China. So Apple just paid $60 Million to settle a trademark dispute really for only mainland … [Read more...]
Facebook.com Acquires Face.com
Face.com just announced that it sold Face.com to Facebook.com for an undisclosed price although TechCrunch.com is reporting the sale could have been as high as $100 Million. "Facebook has acquired Face.com! " according to Face.com blog: "Our mission is and has always been to find new and exciting ways to make face recognition a fun, engaging part of people’s lives, and incorporate … [Read more...]
IAB: Internet Advertising Set Record Revenues For 1st Q 2012 At $8.4 Billion
Internet advertising revenues for the first quarter of 2012 set a new record for the reporting period at $8.4 billion, according to the latest IAB Internet Advertising Report from the Interactive Advertising Bureau (IAB) and PwC U.S. It is the highest first-quarter revenue ever measured by the IAB and PwC and a $1.1 billion–or 15 percent increase–over the $7.3 billion figure reported in the … [Read more...]
Cnet.com: Facebook In Negoitations To Buy Face.com for $80 Million To $100 Million
According to CNET.COM, Facebook.com is in deep negotiations to buy Face.com for $80 Million To $100 Million Dollars. Now before any domainer gets too wound up lets just say right away that Face.com is not only a full developed sit, its a facial-recognition technology company. ""The technology made a splash in 2009 when it released Photo Tagger, a free third-party application for Facebook … [Read more...]
The Buyer Of Marchex Sold Domain GameGlobe.com Is Gaming Company Bigpoint
About 3 weeks ago, we wrote about the sale of the domain name GameGlobe.com by Marchex for $50,000. Today the buyer emerged and it is in fact a gaming company who has HUGE plans for the domain. The buyer is German online games company Bigpoint, who laid out its plans for GameGlobe to Gamasutra.com "Gameglobe, a brand new free-to-play game platform that throws players into "limitless game … [Read more...]
Archives.com Launched in 2009 Was Just Bought By Ancestry.com For $100 Million Cash
According to a Press release just issued, Archives.com was just bought by Ancestry.com Inc. (Nasdaq: ACOM) for $100 million in cash. "Inflection launched Archives.com, then dubbed GenealogyArchives.com, in July 2009 to satisfy a growing demand for comprehensive online access to historical records. " "From humble beginnings, Archives.com rapidly grew to encompass over 2 billion records and … [Read more...]