WalMart picks up another business running on a premium one word, three letter domain name. CNBC reported that WalMart will acquire the website Art.com. In 2016 they acquired Jet.com for nearly $3Billion. From the article: Art.com is one of the largest online sellers of art and wall decor globally, Walmart said. A person familiar with the deal said the size of this acquisition is similar to … [Read more...]
Translate.com auction closes at $853,000 on Flippa
A couple weeks ago I wrote about Translate.com at auction on Flippa, it was at $201,000. The auction closed at $853,000. There were 172 bids Now this was a full business not just a domain sale. Translate.com: almost 2M monthly visitors, Translation website with ~2M monthly visitors generating $469k annual revenue Premium domain and translation site servicing nearly 2m monthly … [Read more...]
Translate.com with 2million monthly visitors on auction at Flippa (no reserve)
Translate.com is up on auction at Flippa and is currently at $201,000. This is a no reserve auction and is also a real business built on a premium domain name. Where do you think it closes? Translate.com: almost 2M monthly visitors, Translation website with ~2M monthly visitors generating $469k annual revenue Premium domain and translation site servicing nearly 2m monthly visitors … [Read more...]
Alexa top 500 website auction gets suspended on Flippa
Supposedly an Alexa top 500 (Top 100 in the U.S.) website was being auctioned on Flippa, this auction has been suspended the seller looks to now be banned. The URL was hidden and you needed to sign an NDA to gain access. The bidding originally had a starting price of $1m. A couple days later when I looked there were 4 bids and a high bid of $1,999 so they changed the bidding parameters. The … [Read more...]
Report: Vegas.com Bought LasVegas.com in 2005 For Up To $90 Million Dollars
George Kirikos spotted an SEC document showing that Vegas.com purchased LasVegas.com in 2005, for what could be up to a $90 Million Dollars. "In June 2005 , VEGAS.com, LLC entered into an agreement for the purchase of LasVegas.com on the following terms: The agreement specified that a $12,000,000, one-time payment be made upon execution of the agreement along with monthly payments of … [Read more...]
Blackstone’s B2R Holdings Rebrands As Lending.com
B2R Holdings, a portfolio company of a Blackstone Group (LPBX ) , announced today that B2R rebranded itself as Lending.com and said it hoped to extend $10 billion in loans over the next three years. According to Jason Hogg, the CEO of Lending.com, expects to help facilitate $10 billion in loans in the next three years. Lending.com was founded with funds managed by Blackstone Tactical … [Read more...]
HowStuffWorks.com To Be Sold for 18 % of its 2007 Purchase Price
The Wall Street Journal reported that Discover Communications is selling the popular website, HowStuffWorks.com. They will be taking a loss on the sale as they are only realizing 18% of their 2007 purchase price. From the article: For Discovery Communications Inc., DISCA -0.49% the website HowStuffWorks.com proved to be one investment in digital media that didn't work. Discovery said … [Read more...]
