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  #1 (permalink)  
Old 26th July 2007, 10:54 AM
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Business.com sold for $350 million...

As published in the Wall Street Journal online.

http://online.wsj.com/article/SB1185...googlenews_wsj

QUOTE:
The Web's original high-price domain name has been sold again -- for another lofty price. Telephone-directory company R.H. Donnelley Corp. clinched a deal for Web-based marketing directory Business.com Inc. for between $340 million and $360 million, according to a person familiar with the transaction. Business.com was founded by entrepreneurs Jake Winebaum and Sky Dayton in 1999. The two were widely mocked for lavishing $7.5 million on a single Internet domain name -- business.com -- at the time. It was then the highest price paid for a domain name.

The deal represents the increasing influence of the Internet in the yellow-pages and white-pages business of Donnelley, which publishes paper and online directories in 28 states under the AT&T, Dex and Embarq names, among others. Business.com works as a kind of online yellow pages. It allows users to search for business services, while collecting a bounty for sending Internet traffic to individual merchants.
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Old 26th July 2007, 11:25 AM
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Re: Business.com sold for $350 million...

Like Rent.com the transaction probably involves a business but most of the real value is in the domain.
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Old 26th July 2007, 11:27 AM
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Re: Business.com sold for $350 million...

:o I M P R E S S I V E !!! :o


(thx to share)
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Old 26th July 2007, 11:30 AM
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Re: Business.com sold for $350 million...

Quote:
Originally Posted by Rubber Duck
Like Rent.com the transaction probably involves a business but most of the real value is in the domain.
With all respect to you RD , I don't think most value is in domain.
I think it's a great equation with a mega domain + a concept + good works.

Without these concept + work, how much for this business.com, on my opinion no more than 50 millions to 100 millions $...

My 2 cents ! lol !
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Old 26th July 2007, 11:32 AM
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Re: Business.com sold for $350 million...

pffff 100 mill. what a weak domain!
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Old 26th July 2007, 11:34 AM
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Re: Business.com sold for $350 million...

Bought for 7 million in 99, and turned it into $350 million. Legend!!
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Old 26th July 2007, 11:35 AM
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Re: Business.com sold for $350 million...

Quote:
Originally Posted by Rubber Duck
Like Rent.com the transaction probably involves a business but most of the real value is in the domain.
The new owner is Donnelley, who is the largest telephone book Yellow Pages publisher in the USA.
The report indicates they are going to create a comprehensive online business "Yellow Pages" and
charge businesses accordingly to be listed on the site.
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Old 26th July 2007, 11:36 AM
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Re: Business.com sold for $350 million...

Quote:
Originally Posted by L@@K
With all respect to you RD , I don't think most value is in domain.
I think it's a great equation with a mega domain + a concept + good works.

Without these concept + work, how much for this business.com, on my opinion no more than 50 millions to 100 millions $...

My 2 cents ! lol !
Buyer will have new concept and discount much of the good work.

Having said that the development was probably necessary to demonstrate the horsepower under the hood!

We may never know how much the domain itself was valued as by either party and they may not even have discussed it with each other.
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Old 26th July 2007, 11:51 AM
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Re: Business.com sold for $350 million...

Quote:
Originally Posted by bwhhisc
... The two were widely mocked ...
Sound familiar?
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Old 26th July 2007, 12:22 PM
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Re: Business.com sold for $350 million...

Makes one wonder... as 188% sure another domain could have been used for same business model, with equal success...

Tax write-off or guys just bored and want to spend...
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Old 26th July 2007, 01:58 PM
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Re: Business.com sold for $350 million...

Quote:
Originally Posted by Asiaplay
Makes one wonder... as 188% sure another domain could have been used for same business model, with equal success...

Tax write-off or guys just bored and want to spend...
That is just the point. Either you believe that Mybadarsebusinessdirectory.com would have done just as well or you don't.

You obviously do, the buyers obviously don't. I have to say that I am more inclined to agree with their position. Whether I would agree to the tune of $300M or so is another matter.
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Old 26th July 2007, 02:57 PM
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Re: Business.com sold for $350 million...

Agree Rubberduck - does make sense up to a certain price (but when I look at what else one could have invested in for USD350 Million and the potential returns... I agree - for me is going beyond that sense level... but for them is worth it).

However, we would all have loved to be the ones who managed to convince them that it was the only possible choice for their requirements and is indeed worth at least the 350 Million they paid... lucky or is it unlucky shareholders...
Hope you one day get a sale for an IDN at close to this level - when you do... lets have an idnforums or dnlocal party and don't forget to send the cheap USD30M jet via Hong Kong to pick me up on the way

Cheers - Asiaplay
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  #13 (permalink)  
Old 26th July 2007, 03:15 PM
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Re: Business.com sold for $350 million...

I have to say, I feel it is unlikely that any of my domains will break that kind of level before I am little too old to party all night! But who knows.

Quote:
Originally Posted by Asiaplay
Agree Rubberduck - does make sense up to a certain price (but when I look at what else one could have invested in for USD350 Million and the potential returns... I agree - for me is going beyond that sense level... but for them is worth it).

However, we would all have loved to be the ones who managed to convince them that it was the only possible choice for their requirements and is indeed worth at least the 350 Million they paid... lucky or is it unlucky shareholders...
Hope you one day get a sale for an IDN at close to this level - when you do... lets have an idnforums or dnlocal party and don't forget to send the cheap USD30M jet via Hong Kong to pick me up on the way

Cheers - Asiaplay
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