Earlier this month we learned that LasVegas.com sold back in 2005 for what could be up to $90 Million Dollars. In August the sale of Vegas.com was announced to a public company in a deal that could be worth $38 million dollars. In both instances, Vegas has consistently set the record valuation marks as the most valuable destination-specific website in the world. Now the website and domain … [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...]