IS.com domain changed hands for $1,950,000 in February 2021

A recent SEC filing by ironSource has revealed that the elite 2-letter .com domain name IS.com changed hands in February 2021 for USD $1,950,000.

Continue reading “IS.com domain changed hands for $1,950,000 in February 2021”

Did TransferWise pay $2 million to acquire and rebrand to the Wise.com domain name?

It has been previously reported by others that the money transfer service TransferWise rebranded to Wise, and acquired the Wise.com domain name in 2020. The transaction price for the domain name had not been made public at the time. However, a recent prospectus by Wise can shed some light on the deal.

Continue reading “Did TransferWise pay $2 million to acquire and rebrand to the Wise.com domain name?”

Chatter.com domain name changed hands for $2 million in 2010

Today I was able to uncover a $2 million transaction in 2010 for the Chatter.com domain name, using a combination of the SEC’s EDGAR database and the historical WHOIS data at DomainTools.com.

On page FF-10 of a SEC filing by Quepasa Corporation in 2011, they disclosed that:

The Company sold a domain name in 2010 for $2,000,000, resulting in a gain of $1,895,000 that is presented as a component of other income on the statement of operations.

Continue reading “Chatter.com domain name changed hands for $2 million in 2010”

Exodus.com domain name acquired for $1,945,000

Exodus Movement, a company involved in the crypto field, has disclosed that they purchased the Exodus.com domain name for USD $1,945,000. This was revealed in a recent SEC filing (page 21):

The Company purchased the exodus.com domain name in the first quarter of 2021 for $1.9 million. The Company considers the domain name to be an indefinite-lived asset so no amortization will be recognized.

While page 21 of the SEC filing mentions the $1.9 million figure, the more precise figure of $1,945,000 can be found on page 9, where the “Indefinite-lived asset” is listed directly on the balance sheet.

As I’ve pointed out previously, the EDGAR system operated by the U.S. Securities and Exchange Commission has a wealth of data. If more researchers searched it regularly, more of these kinds of transactions would be uncovered.

Enjoy.com was acquired in 2015 for $1.5 million

According to page F-38 of a recently published SEC filing, there was a domain name with a book value of $1.5 million, which is being amortized at $100,000 per year. As of December 31, 2020, it had accumulated $533,000 worth of amortization (5.33 years). While the domain name wasn’t identified on that page of the SEC filing, page 218 does mention Enjoy.com.

Some additional digging via the WHOIS history at DomainTools indicates that the nameservers of Enjoy.com changed from DreamHost to AWS in the period between August 29, 2015 and September 11, 2015. This timing is entirely consistent with the above amortization, since 5.33 years before December 31, 2020 is early September 2015. Furthermore, Archive.org shows a change in the website around that time.

If accepted by DNJournal, this would rank #3 for publicly reported domain name transactions in 2015.

For more domain name transaction discoveries, follow me on Twitter!

 

Delta.com domain name was acquired in July 2000 for $2,125,000. Here’s how to discover more big deals!

EDGAR, the SEC’s electronic database of securities filings, has revamped its full text search, now allowing searches of filings since 2000. The legacy full text search (which will only be available until September 2020) only indexed the previous 4 years (although I’ve been checking weekly for new filings for longer than that).

Due to this new capability, I discovered that the Delta.com domain name was acquired in July 2000 by Delta Airlines, for $2,125,000. This was reported on page 5 of the SEC filing of Delta Financial, its prior owner:

In July 2000, the Company also sold a domain name for $2.125 million.

AdAge had reported about the transaction in September 2000, but the exact price had gone unreported. They wrote:

In a move that shows how important the Internet has become in the travel industry, Delta Air Lines has shifted its Web address to the easy-to-remember (delta.com) and launched an ad campaign trumpeting the new URL.

The campaign from Leo Burnett USA, Chicago, launched last week and includes TV, print and radio. Print tells customers the simpler URL will save them “an extra 0.73 seconds,” TV features the delta-air.com URL morphing into the new delta.com, while radio asks, “Why oh why wasn’t delta.com our Web address all along?”

That’s probably a campaign slogan that could be emulated by numerous other companies who’ve upgraded their domain names. “Why oh why wasn’t ________ our Web address all along?”

Help Discover More Big Deals

For those who are keen to help uncover other unreported domain name transactions, feel free to search at EDGAR using terms such as:

“domain name”
“domain names”
“bought the domain”
“sold the domain”
“acquired the domain”
“bought a domain”
“sold a domain”
“acquired a domain”
etc.

In my experience, variations such as “web address” or “URL” are sometimes used, too, by companies reporting domain name transactions.

The legacy search engine produced results in reverse chronological order, which was very convenient. It also featured “stemming” (see FAQ #26) which automatically captured variations of terms. I hope the new search engine will prove equally powerful. The new search engine limits the results to 10,000, but one can change the date range to get fewer results. For example, if one is checking every week like I’ve been doing, one need only search the past 7 days, as one would have already researched the prior results. [of course, this strategy doesn’t apply now to the much older results, that I’d never pored through]

Going through the individual matching results can be time-consuming if you don’t know what you’re doing. Ctrl-F is definitely your friend, to “find” words in the document (e.g. “domain”), rather than reading the entire filing. I’d say only about 1 in 500  matches actually results in anything worth reporting (i.e. many companies mention the term “domain name” somewhere in their filings, but nearly all of those are not reporting a domain name transaction – it’s often just boilerplate text in the intellectual property section, for example). Even if one does discover a domain name transaction, often the exact domain name won’t be mentioned (for example, in the Delta Financial SEC filing noted above, it merely said “a domain name”), so one will have to do further research using tools such as DomainTools.com and/or Archive.org before being able to narrow things down. Redacted WHOIS is definitely making things harder for researchers and journalists.

Once you’re confident about your research, do blog or tweet about it, and send it off to Ron Jackson at DNJournal. Of course, make sure that the transaction hasn’t already been reported, e.g. by checking NameBio.com, searching in Google for other reports, or searching DNJournal specifically for that domain name, e.g. a search in Google of

site:dnjournal.com “example.com”

(changing “example.com” to the relevant domain name, but retaining the quotation marks)

Additional Discoveries

Since I first published the article earlier today (morning of July 11, 2020), I’ve already uncovered additional previously unreported transactions, including:

  • gold.ca – CAD $15,000 in 2008, as per the SEC filing
  • weekend.com – USD $200,000 in December 2000, as per the SEC filing
  • passwords.com – USD $115,900 in 2001, as per footnote 4 on page 4 of the SEC filing
  • elections.com – USD $100,000 in July 2000, as per the SEC filing
  • headhunter.com – USD $35,000 in July 1998, as per the SEC filing

There are likely many other previously unreported domain name transactions just waiting to be found….

Medidata.com domain name changed hands for $600,000

According to a recent SEC filing (see page 14), Medidata Solutions Inc., a provider of cloud-based solutions for clinical research in life sciences, acquired the Medidata.com domain name for USD $600,000 in the first quarter of 2019. According to Archive.org, the domain name used to redirect to Medidata.ch, operated by a Swiss company.

Once charted by DNJournal, it would enter the top 5 reported domain name name transactions for this year, although we’ve yet to reach the midpoint of 2019.

Prometheum.com domain name changed hands for $71,842

According to a recent SEC filing (see page 30), blockchain company Prometheum acquired the Prometheum.com domain name in October 2018 for USD $71,842.

Once charted by DNJournal, it would become the 99th highest reported domain name transaction for 2018.