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Internet Real Estate Group Buys Patents.com
Thursday, May 10th, 2007
Company short-circuits auction, buys Patents.com for undisclosed amount.
A few weeks ago I wrote about an âauctionâ for Patents.com, which I expected to bring in $1M+. The sellers ended up striking a deal with Internet Real Estate Group (formerly DealJam), and details of the sale were not disclosed.
Internet Real Estate Group (IREG) owns some of the worldâs greatest domain names, including Software.com, Sweepstakes.com, Phone.com, and Shop.com. The company has also been an active seller of domains, although in recent years it has focused on purchases. Some of its more notable sales include CreditCards.com and Computer.com (the latter sold to Tiger Direct). Just this month IREG sold Luggage.com to CSN Store, Inc.
IREG is taking a different approach to some of the newer entrants into the domain name market. Many of these companies have focused on acquiring massive portfolios of domains, wheras IREG focuses solely on premium domains. Some of the large portfolio holders seem to acquire good names by chance as part of larger purchases. Part of the problem is that these companies buy domains almost solely on multiples of pay-per-click revenue, and premium domains like Patents.com have much more value than 10x, 50x, or 100x pay-per-click revenues. Source
Thursday, May 10th, 2007
Company short-circuits auction, buys Patents.com for undisclosed amount.
A few weeks ago I wrote about an âauctionâ for Patents.com, which I expected to bring in $1M+. The sellers ended up striking a deal with Internet Real Estate Group (formerly DealJam), and details of the sale were not disclosed.
Internet Real Estate Group (IREG) owns some of the worldâs greatest domain names, including Software.com, Sweepstakes.com, Phone.com, and Shop.com. The company has also been an active seller of domains, although in recent years it has focused on purchases. Some of its more notable sales include CreditCards.com and Computer.com (the latter sold to Tiger Direct). Just this month IREG sold Luggage.com to CSN Store, Inc.
IREG is taking a different approach to some of the newer entrants into the domain name market. Many of these companies have focused on acquiring massive portfolios of domains, wheras IREG focuses solely on premium domains. Some of the large portfolio holders seem to acquire good names by chance as part of larger purchases. Part of the problem is that these companies buy domains almost solely on multiples of pay-per-click revenue, and premium domains like Patents.com have much more value than 10x, 50x, or 100x pay-per-click revenues. Source
