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Fund.com Sells In An All Cash Transaction

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Fund.com Sells In An All Cash Transaction

Postby Mike on Thu Mar 13, 2008 4:53 pm

Fund.com sold a few days ago for US $9,999,950 in an all-cash transaction Clek Media announced. Clek Media also brokered the sale. The buyer is Fund.com Inc., a New York firm previously named Meade Technologies Inc. To date the buyer has revealed their plans for the domain mostly in filings with the US Securities and Exchange Commission.

This is by far the largest domain name sale of 2008, but is dwarfed by last year’s sale of business.com for $345 million. It is also the highest ever reported cash-only sale, beating porn.com ($9.5m) and sex.com whose exact price has not been reported.
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Re: Fund.com Sells In An All Cash Transaction

Postby DebacleX on Fri Mar 28, 2008 3:51 pm

Wow, I could see the former owner of Fund.com, just to make people mad, say 'YOU HAVE TO PAY ME IN FULL WITH QUARTERS!' and see a few hundred dump trucks roll up and drop quarters everywhere - I'd hate to be the guy to clean up that mess.

But seriously, I've never heard of such a big transaction by hand, nothing of $100,000, and we're talking about $1M here! It must have been scary and hard to keep the meeting place for this to happen kept under wraps. But that blows my mind, $1M for a 4L.com... Amazing!
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Re: Fund.com Sells In An All Cash Transaction

Postby Mike on Fri Mar 28, 2008 3:52 pm

HAHA! right on.
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Re: Fund.com Sells In An All Cash Transaction

Postby Tomi on Thu Apr 03, 2008 10:02 pm

Thats crazy, why cash? I would expect gangs showing up and snipers, i am genuinely surprised no one tried to intercept it!

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Re: Fund.com Sells In An All Cash Transaction

Postby baseballworld on Thu Apr 10, 2008 2:51 am

wow that is odd. I would not of expected to hear it going in a all cash transaction thats for sure.
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