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| Platinum Lifetime Member Last Online: Yesterday 11:04 PM iTrader: (32) Join Date: Feb 2006
Posts: 1,970
DNF$: 1,042 Location: Manhattan, NYC
Country: | Highest Recorded Sale: Insure.com Sells for $16,000,000 Insure.com, a publicly traded company whose shares trade on the NASDAQ stock exchange, sold its corporate name and related domain name for $16,000,000, and the company will be renamed Life Quotes. The company paid $1,600,000 for Insure.com in 2001. http://www.elliotsblog.com/insure-co...6-million-7361
__________________ Lowell |
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| | #5 (permalink) |
| Platinum Lifetime Member Last Online: Today 12:01 PM iTrader: (11) Join Date: Mar 2008
Posts: 737
DNF$: 1,120 Location: pompano | I thought it was like CreditCard.com or CreditCards.com that sold for 100 million it was boght for3 million and built into a company if i remeber right so dont quote me on this
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| | #6 (permalink) |
| Platinum Lifetime Member Last Online: Yesterday 12:37 PM iTrader: (23) Join Date: Sep 2006
Posts: 1,140
DNF$: 2,930 Location: Texas
Country: | wow. ditto. was this a company sale or just a domain sale?
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| | #8 (permalink) |
| Last Online: 11-16-2009 05:02 AM iTrader: (18) Join Date: Dec 2005
Posts: 2,330
DNF$: 459 Location: England
Country: | Are well we all see this and it keeps our dreams alive that the hard work will pay off! Sale of company name and domain name confuses the issue of the value of the domain value but as the domain name is the company name I think we can accept the sale as being a branded domain name sale. |
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| | #10 (permalink) |
| Dances With Dogs Name: info [@] gerry.mobi Last Online: Today 02:01 PM iTrader: (73) Join Date: Dec 2006
Posts: 10,303
DNF$: 25,517
Country: | Corporate Profile Originally founded in 1984 as Quotesmith Corporation, Insure.com owns and operates Insure.com, an online consumer insurance information service that caters to the needs of self-directed insurance shoppers. Insure.com provides a comprehensive array of comparative auto, life and health quotes, including a vast library of originally authored insurance articles and decision-making tools that are not available from any other single source. The Company's shares trade on the Nasdaq SmallCap Exchange under the symbol NSUR |
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| | #11 (permalink) | |
| Last Online: Today 11:04 AM iTrader: (45) Join Date: Jul 2006
Posts: 3,049
DNF$: 15,818 Location: Washington DC
Country: | Quote:
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| | #12 (permalink) |
| Making Everything Click Name: Chris Last Online: Today 08:23 AM iTrader: (111) Join Date: May 2005
Posts: 9,411
DNF$: 15,378 Location: Dirty South
Country: | I wonder what this makes my LowestPriceQuote dot com worth ![]() Big business online.... Awesome sale..wonder what kind of traffic it gets.. |
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| | #13 (permalink) |
| DNF Member Last Online: Today 01:21 PM iTrader: (13) Join Date: Aug 2003
Posts: 315
DNF$: 4,412 Location: Eastern US
Country: | Great sale on a great domain ![]() Robert
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| | #14 (permalink) |
| Dances With Dogs Name: info [@] gerry.mobi Last Online: Today 02:01 PM iTrader: (73) Join Date: Dec 2006
Posts: 10,303
DNF$: 25,517
Country: | Just a little background company info. Question is, how much of the $16 mil is it going to take to rebrand themselves as Life Quotes? And what about all the existing traffic going with the name to someone else? They are not only selling the rights to the domain but also their corporate name. Their identity. This is a publicly traded company (NSUR). Playing devils advocate here - but I see this as a loss for the company if they spend one penny over 16 mil in their efforts to emerge as someone else with a new name and still able to meet their current traffic and earnings. A silver lining to all of this - the financial wires are picking this up as an "asset" sale. Insure.com Announces $16 Million Asset Sale, Continuation of Business Under Life Quotes Brand Name The Company's board of directors voted unanimously in favor of this asset sale and intends to hire an investment banker and review all of its options for use of the transaction proceeds, which the Company intends to return to shareholders in some fashion. |
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| | #17 (permalink) |
| Making Everything Click Name: Chris Last Online: Today 08:23 AM iTrader: (111) Join Date: May 2005
Posts: 9,411
DNF$: 15,378 Location: Dirty South
Country: | Total f*cking idiots..they are going to be lost without that domain name..along with their customers! Definitely richer though lol |
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| | #18 (permalink) |
| Platinum Lifetime Member Last Online: Today 01:27 PM iTrader: (27) Join Date: Mar 2005
Posts: 1,858
DNF$: 1,010 Location: Jedi Temple
Country: | Holy Snap!
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| | #20 (permalink) |
| Platinum Lifetime Member Last Online: Yesterday 11:04 PM iTrader: (32) Join Date: Feb 2006
Posts: 1,970
DNF$: 1,042 Location: Manhattan, NYC
Country: | For those who doubt it's a "domain sale," this is why I believe it is: 1) The company who sold Insure.com is publicly traded and plans to continue operations under a different name. 2) Press release announcing the sale was titled, "Insure.com Announces $16 Million Asset Sale" with the asset being Insure.com. 3) The company is retaining virtually all assets: “The Company will retain all of its remaining balance sheet assets, national brokerage contracts with 25 leading life insurance companies, 50 fully licensed insurance agents, call center operations, customer and prospect lists, and nearly all of its current inbound affiliate and traffic partnerships."
__________________ Lowell |
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