This story from a week or so ago sent shockwaves through the pre-owned expired domains market.
It appears that "Yun Ye" of UltSearch is cashing in some of his domains:
The largest domain transaction of all time was announced today (Nov. 23, 2004). Seattle based Marchex, Inc. said they have reached an agreement to buy a portfolio containing tens of thousands of domains from Name Development Inc. in a deal worth just over $164 million.
Name Development appears to be a corporate entity holding domains owned by Yun Ye's Ultimate Search, a pioneering company in the pay per click (PPC) field. Marchex said the deal is expected to be finalized in the first quarter of 2005.
<!-- m --><a class="postlink" href="http://www.marchex.com/press.html#news14">http://www.marchex.com/press.html#news14</a><!-- m -->
SEATTLE, WA - November 23, 2004 - Marchex, Inc. (NASDAQ: MCHX), a provider of technology-based merchant services that facilitate and drive growth in online transactions, today announced that it has signed a definitive agreement to acquire certain assets of Name Development Ltd., a corporation operating in the direct navigation market, for $164.2 million, including $155.2 million in cash and $9 million in stock...
Yun Ye/UltSearch (Ultimate Search) is the well know pioneer who receives a multi-million dollar yearly income from Pay Per Clicks of the previously expired domains he registers.
Clearly the market is still hot and the cashflow superb, otherwise why would this firm pay ONE HUNDRED AND FIFTY FIVE MILLION DOLLARS in CASH for a bunch of domains?
And even then the implication is that Yun Ye has not sold all of his domains, just a number of them.
In my next post I'll explain a little about expired domains with traffic.
It appears that "Yun Ye" of UltSearch is cashing in some of his domains:
The largest domain transaction of all time was announced today (Nov. 23, 2004). Seattle based Marchex, Inc. said they have reached an agreement to buy a portfolio containing tens of thousands of domains from Name Development Inc. in a deal worth just over $164 million.
Name Development appears to be a corporate entity holding domains owned by Yun Ye's Ultimate Search, a pioneering company in the pay per click (PPC) field. Marchex said the deal is expected to be finalized in the first quarter of 2005.
<!-- m --><a class="postlink" href="http://www.marchex.com/press.html#news14">http://www.marchex.com/press.html#news14</a><!-- m -->
SEATTLE, WA - November 23, 2004 - Marchex, Inc. (NASDAQ: MCHX), a provider of technology-based merchant services that facilitate and drive growth in online transactions, today announced that it has signed a definitive agreement to acquire certain assets of Name Development Ltd., a corporation operating in the direct navigation market, for $164.2 million, including $155.2 million in cash and $9 million in stock...
Yun Ye/UltSearch (Ultimate Search) is the well know pioneer who receives a multi-million dollar yearly income from Pay Per Clicks of the previously expired domains he registers.
Clearly the market is still hot and the cashflow superb, otherwise why would this firm pay ONE HUNDRED AND FIFTY FIVE MILLION DOLLARS in CASH for a bunch of domains?
And even then the implication is that Yun Ye has not sold all of his domains, just a number of them.
In my next post I'll explain a little about expired domains with traffic.