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Old 7th May 2006, 08:12 AM
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CNN: Domain names in demand

Domain names in demand

In yet another sign of the Internet boomlet, domain name speculation -- an archetypal late '90s business -- is once again hot. The Alarm:Clock venture-capital blog reports today that a new domain-name investment vehicle, Demand Media, has purchased eNom, a company with 6.4 million registered domains. The purchase price wasn't disclosed, but Demand Media, run by former MySpace chairman Richard Rosenblatt , has raised $120 million for the eNom buy and similar domain-name investments. Alarm:Clock calls the deal "damn practical." As Paul Sloan recently wrote in Business 2.0, far from frothy and speculative, the business of domain squatting has quietly become reliably profitable: "In fact, plenty of domainers, as they call themselves, are having the last laugh."

http://money.cnn.com/2006/05/03/tech...ex.htm?cnn=yes
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