I didn't write much leading up to the Verisign (VRSN) acquisition of .Web for $135 Million this week, but I have plenty of thoughts on the subject. First and foremost it's a no brainier for Verisign Forget the $1.9 Billion they have sitting in the bank and focus in on the over $9 Billion dollar valuation the company has which went up over 3% on Friday. This more than made up for the … [Read more...]
Furniture.co.uk Sold for $700,000
We received an email today that the domain Furniture.co.uk has been purchased for $700,000. The note came from the buyer Graham Haynes. According to Graham his company was the buyer of Purple.co.uk and BedroomFurniture.co.uk as well. A quote from the buyer: It has always been my strong belief that large businesses do not understand the value of keyword domains and therefore I decided to build … [Read more...]
ICANN releases official statement on the $135million .web auction
ICANN releases official statement on the $135 million .web auction. I have to give credit to Michael Berkens, he told me months ago he thought it would be $100 million plus. On 27 July 2016, Power Auctions LLC, ICANN's authorized auction service provider, conducted a New Generic Top-Level Domain (gTLD) Program auction to resolve contention for .WEB and .WEBS. Auction serves as the method of … [Read more...]
Verisign Reports: Revenue up 9%: Has Operating Margin of 61.5%
VeriSign, Inc. (VRSN),today reported financial results for the second quarter of 2016. VeriSign, Inc. and subsidiaries (“Verisign”) reported revenue of $286 million for the second quarter of 2016, up 9.1% from the same quarter in 2015. Verisign reported net income of $113 million and diluted earnings per share (diluted “EPS”) of $0.87 for the second quarter of 2016, compared to net income of $93 … [Read more...]
The Daily Roundup for July 27, 2016
Welcome to the Daily Roundup for July 27, 2016 Domain movements spotted by Mike Looks like the new gTLD domain name i.team sold in escrow @afternic; BIN price was only $2,499. UDRP filed against the domain name AmazonLord.com but not by Amazon. UDRP filed on the domain name Brisas.com, which is the spanish word for "breezes" by Grupo Hotelero Brisas, S.A. Chinese Domain … [Read more...]
We are pleased to welcome Simon Cousins as a contributor
We are pleased here at TheDomains.com to welcome Simon Cousins as a contributor. Simon Cousins (夏明) is a co-founder and CEO at Allegravita, a boutique PR and strategic communications agency in Beijing, Hong Kong, New York City and Los Angeles. In addition to his group leadership duties, he serves as creative director. Simon will provide readers with a current and realistic picture of what is … [Read more...]
Results of our .WEB Poll – 60% Of Voters Expect $50 million+
The .web auction will conclude today and in the opinion of those who participated in the poll, it's going to be the most expensive new gTLD string. In a poll posted on TheDomains two weeks ago, we asked readers what they thought the high bid price would be in the ICANN auction being held today. 60% of the voters believe the string will sell for $50 Million or more with almost 20% thinking … [Read more...]